Nasdaq broke ascending Trendline.This Trendline stoop for the whole day
Follow the marked path above.Risk what your willing to lose.
Nasdaq broke Ascending triangle on the 5 minute timeframe.This would be a great opportunity to sell with a tight stop loss and a good profit target. Risk what your willing to loose!!!
Please add a trailing stop at 10776.00. Even if the stop gets hit,we will have already secured profits. If you want you can close your trade(s) or wait for TP to hit. Trading the smart way!!
What is a pattern of engulfing candlesticks? On a price chart, engulfing candlestick patterns consist of two bars.They are used to signal a market turn around.The second candlestick will be much larger than the first, covering or "engulfing" the entire length of the bar before it.
After the 15 minute consolidation I saw Nasdaq pushing low and aggressively breaking the support zone on the the consolidation.This made me more positive that Nasdaq might continue pushing lower. I suggest that you wait for the retest of the broken line on the 5 or 3 timeframe then place a sell.