Nasdaq has provided me with a clear Head & Shoulders pattern, Trendline just broke out but the lagging volatility tells us another story regarding Bearish momentum. Still Shorting the infamous index though.
Comment:
NASDAQ experienced increased volatility to the downside but failed to reach our anticipated target level 7751.20. Price reversed just above the 7778.10 support level.
Trade closed manually
Comment:
Trade respected the initial trade setup.
Price formed a minor head and shoulders trade setup before the continued price drop.
Price formed a minor head and shoulders trade setup before the continued price drop.