As we can see, NQ was following the "plan" exceptionally nice.
To me that's a proof how the concept of Allen Andrews works. But there is much more in it than just painting nice Pitchforks.
The REAL benefit a trader can gain is the study of swings. When I started study the swings, it was a crazy new world for me.
So if you are interested real and profound technical analysis, I suggest you search on YT for my mentor which is Shane Blankenship from "Language Of Markets". He's the real wizzard who explain the charts like no one else on this earth.
Compared to Shane I'm just a talent at best. :-)
So, how will the Nasdaq proceed from here on now?
There are the following scenarios:
1) NQ will pull back to the white Centerline, zoom through it and continues to the upsdie.
2) NQ will continue it's path to the downside to the Lower Medianline Parallel.
I leave it up to you how to trade this but the best you can do is using good structure for a stop and use small stops, to make huge Risk-Rewards, like the trade from today.
Stay save.
To me that's a proof how the concept of Allen Andrews works. But there is much more in it than just painting nice Pitchforks.
The REAL benefit a trader can gain is the study of swings. When I started study the swings, it was a crazy new world for me.
So if you are interested real and profound technical analysis, I suggest you search on YT for my mentor which is Shane Blankenship from "Language Of Markets". He's the real wizzard who explain the charts like no one else on this earth.
Compared to Shane I'm just a talent at best. :-)
So, how will the Nasdaq proceed from here on now?
There are the following scenarios:
1) NQ will pull back to the white Centerline, zoom through it and continues to the upsdie.
2) NQ will continue it's path to the downside to the Lower Medianline Parallel.
I leave it up to you how to trade this but the best you can do is using good structure for a stop and use small stops, to make huge Risk-Rewards, like the trade from today.
Stay save.