Did you know this market geometry, symmetry:
When a (strong) trendline is broken, the market will fall equal distance or more from the trendline as from the peak to the breakpoint. I have shown example of Nasdaq from the past.
This is also true for the reverse, a falling trendline break can predict the upside target
Hope this is useful in your trading
What it means is you might see a small upside from here, but since its already broken the trendline, it will trap the buyers and then do a hard U turn to the downside. I would wait for a bullish pattern to develop before going in long. Be careful of traps!
When a (strong) trendline is broken, the market will fall equal distance or more from the trendline as from the peak to the breakpoint. I have shown example of Nasdaq from the past.
This is also true for the reverse, a falling trendline break can predict the upside target
Hope this is useful in your trading
What it means is you might see a small upside from here, but since its already broken the trendline, it will trap the buyers and then do a hard U turn to the downside. I would wait for a bullish pattern to develop before going in long. Be careful of traps!
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。