This chart is the 1hr NASDAQ emini futures contact inverted. Imagining that I am presented with this pattern, I am going to look to buy it every.single.time. The spike down, followed by a struggling or grinding pattern into a higher low and then the release of the wound up energy with higher low showing and outside reversal with follow through next bar, and then another smaller struggle into another higher low, and then a move off the lows. But this is inverted so I'm selling it, because the direction of the move off into the future is reversed. Now I'm going to wait for a bit more confirmation before adding here because the 2000 high hasn't been kissed yet and it would be preferable for that event to take place. I'm short here, but the position is enough for now. So patience is required, as always, but the pattern here is a definite confirmation to keep a cool head and stay the course .
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This chart is the 1hr NASDAQ emini futures contact inverted....
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