NDX QQQ NAS100 Hitting Limits
NDX is hitting up against limits within a rising channel that started back on Oct 3, 2019 that is now up 20%. After yesterday's Fukery move we have now developed a Megaphone structure. Typically this has two basic probabilities.
A seasoned trader understands the difference between PROBOLILITY and POSSIBILITY! Anything is possible but not probable. Experienced traders never guess as to which of the two probabilities it will be. Instead, they find the risk-reward points that best suit them and manages the trade. No one can control markets but you can control and manage your trades.
- 1. Rides the upper trendline a bit more and corrects through time.
2. Sharp reverses and corrects within the channel and possibly breaks it.
A seasoned trader understands the difference between PROBOLILITY and POSSIBILITY! Anything is possible but not probable. Experienced traders never guess as to which of the two probabilities it will be. Instead, they find the risk-reward points that best suit them and manages the trade. No one can control markets but you can control and manage your trades.
Nota
Still looking for the pause to a correction. It's havings a bit of a hard time as expected. Again the pause could occur a bit higher. Perfectly normal.
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Real Macro Economic Investing
patreon.com/Realmacro
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.