Day 51. The #nasdaq100 went from uptrend to downtrend after yesterday's imbalance. the bears took over after breaking that 13100 HL. Now this supposed downtrend, we have LHs and LLs. because of this, i'll be looking for shorts till the nasdaq fails at breaking the LL at 12945 and insteads, breaks the LH at 13100..
A Daily Reminder:
avoid imbalances—HH and LLs or LH and HLs.
P.S: Strategy— structures, divergence & trends
Triggers— LHs & HLs
My disclaimer:
All biases are subject to change because according to the market, that's the only constant..
Past profits do not predict future earnings. Risk only 1% on your account. Low risk only!