Nasdaq parallel channel?

Hi traders.

I found parallel channel in Nasdaq.
If it reaches entry level, it's a good chance for short trading.
Good luck.
Thank you.


Entry : 7430
Stop Loss : 7573
TP#1 : 7030
TP#2 : 6730

Kommentera:

It reaches the top of the channel faster than I expected.

So I selled 7480(cme 7080), which is more expensive than the entry price

Trade stängt manuellt:

A hammer candle came out near the bottom channel. In earlier candles, the hammer candle meant reversal. So I closed the positions.

nice profit! :)