Fellas, there was PPI news today and as a result of that, NAS fell from 17923 to 17669. Thats a move of ~250 pts down within 90 mins. And with that, it forms a (big) Bearish Engulfing candlestick on 4hr timeframe as well as a Tweezer Top.
It makes a Double Top chart pattern as well on 4hr timeframe. The weekly timeframe and the daily timeframe, also signal NAS going down. It looks like this Bearish move may go down to the level of prev. HL 17140.
I have shared my Trade plan, take your trade as per your Risk Management plan.
~ All the Best!
It makes a Double Top chart pattern as well on 4hr timeframe. The weekly timeframe and the daily timeframe, also signal NAS going down. It looks like this Bearish move may go down to the level of prev. HL 17140.
I have shared my Trade plan, take your trade as per your Risk Management plan.
~ All the Best!