Playbook entry - broadening into lines
This is one of my best performing setups lately.
Here NQ has a broadening formation into a trend line. These are confident reversal points and have a high success rate.
Zoom out and you'll see a good channel forming. Uncertainty on the upward price movement appears as sellers are starting to drive the price lower, while buyers are still appearing that are buying into the "wall."
The indecision causes the distinct horn/broadening formation into the trend line.
One of the more reliable setups in my playbook.
Here NQ has a broadening formation into a trend line. These are confident reversal points and have a high success rate.
Zoom out and you'll see a good channel forming. Uncertainty on the upward price movement appears as sellers are starting to drive the price lower, while buyers are still appearing that are buying into the "wall."
The indecision causes the distinct horn/broadening formation into the trend line.
One of the more reliable setups in my playbook.