This is the strongest bearish pattern ever.
Happen one to twice a year.
Cause of it, the index felt hard on early post-market.
I advice to short the NDX with x3 leverage at the closing / in the post-market. But it's probably too late for you now, a lots of traders did it and the index felt hard... Btw it's good to know for the next time you will see this pattern...! Easy money.
The last 4 hanging-man spoke for themselves...
If you want to see what happen after a hanging man (10 previous years on NDX and SPY), glance at my excel sheet:
docs.google.com/spreadsheets/d/1oVNhXaKyGpXbtSuuoNg77dK_AQLYzCW6/edit?usp=sharing&ouid=102595901895065936328&rtpof=true&sd=true
I sold at the closing (15130), took the profit from yesterday purchase (there is no small money! :D), then short with x3 leverage.
Happen one to twice a year.
Cause of it, the index felt hard on early post-market.
I advice to short the NDX with x3 leverage at the closing / in the post-market. But it's probably too late for you now, a lots of traders did it and the index felt hard... Btw it's good to know for the next time you will see this pattern...! Easy money.
The last 4 hanging-man spoke for themselves...
If you want to see what happen after a hanging man (10 previous years on NDX and SPY), glance at my excel sheet:
docs.google.com/spreadsheets/d/1oVNhXaKyGpXbtSuuoNg77dK_AQLYzCW6/edit?usp=sharing&ouid=102595901895065936328&rtpof=true&sd=true
I sold at the closing (15130), took the profit from yesterday purchase (there is no small money! :D), then short with x3 leverage.
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.
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.