NQ - a textbook short setup: breakdown-failed-test-plunge
This is a textbook short setup, break under Monthly Support followed by a bounce back to the broken-support-turned-resistance.
As soon as bulls failed to reclaim the broken support that became a trigger that attracted new shorts.
The Rule of thumb is:
⚠️ when bears manage to break a support and then bulls attempted to reclaim it but fail, bears get reasons to believe that bulls got exhausted and as a result new bears open fresh short positions turning the price down and starting another leg down.
You can get that free Month Opening Range indicator here:
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As soon as bulls failed to reclaim the broken support that became a trigger that attracted new shorts.
The Rule of thumb is:
⚠️ when bears manage to break a support and then bulls attempted to reclaim it but fail, bears get reasons to believe that bulls got exhausted and as a result new bears open fresh short positions turning the price down and starting another leg down.
You can get that free Month Opening Range indicator here:
[url=
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.