Double top, bounce off moving avearges, Stochastics, MACD down = $1040 profits
5 min Emini Nasdaq 100
Hi,
The market presented an opportunity to short... I have been waiting for this chance for a long time.. It formed a double top in the morning session.. with stochastics cutting the signal line and short-term MACD cutting the signal line..
I shorted 1contract at 1160 and another 2 more contracts at 1138. I covered my trade at 1128 when stochastics and short-term MACD cut back up the signal line.
Notice that price staged a rebound towards the end of the trading session... This is purely unexpected and I did not trade it.
profts = $1040.