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.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.