Nas100 created a "W" pattern on the lower timeframe after a major sell off at the bell.
PPI came out with a negative so the market sold after a 100 point move to the upside post news report drop.
It reversed at the previous NY session low and bought up 142 points to the upside.
Based off the previous PPI outcome, I am still holding for a 300 point move to the upside.
Thank you for reading, always use proper risk management when trading! I personally never risk more than 1% per trading session.
PPI came out with a negative so the market sold after a 100 point move to the upside post news report drop.
It reversed at the previous NY session low and bought up 142 points to the upside.
Based off the previous PPI outcome, I am still holding for a 300 point move to the upside.
Thank you for reading, always use proper risk management when trading! I personally never risk more than 1% per trading session.
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Join The Hyena Hut and learn exactly how I approach the charts. Contact me on Instagram if you have any questions :)