Comments on: Potential Bear Flag Pattern On /NQ Nasdaq Futures

By: Ken

Ken — Mon, 27 Mar 2023 13:10:42 +0000

In reply to rsotc. This already came out, their research report on SQ...

By: rsotc

rsotc — Thu, 23 Mar 2023 19:23:09 +0000

In reply to Ken. Not sure what you are highlighting there. Something about some bubbles popping?

By: rsotc

rsotc — Thu, 23 Mar 2023 19:19:55 +0000

In reply to Scott. Nice call!

By: rsotc

rsotc — Thu, 23 Mar 2023 19:00:40 +0000

In reply to david k. David, Just seeing your question now & although those bear flags were never fully formed or triggered with a break below them, had the flags finalized, a stop slightly above the highest point of the bear flag, if you short the breakdown, seems ideal as if the security moves back above the flag shortly after breaking down it means it was a false/failed sell signal.

By: Scott

Scott — Thu, 23 Mar 2023 14:40:37 +0000

In reply to david k.

David… I just posted in the chatroom about a potential backtest.

If we do get up there, I would fully expect a stop raid move above the trendlines. I don’t think it’ll be as simple as a tap and reverse. Usually doesn’t work that way.

https://rightsideofthechart.com/members/scott/activity/268764/

By: Scott

Scott — Thu, 23 Mar 2023 14:18:57 +0000

In reply to david k. I'm trying to play it that way today. Dumped a ton of shorts at the open and looking to re-enter if we backtest that trendline.

By: trade0039

trade0039 — Thu, 23 Mar 2023 13:38:45 +0000

SEMIS are very stubborn, still does not want to give up at this level!

By: Ken

Ken — Thu, 23 Mar 2023 03:34:30 +0000

@RSOTC FYI

By: david k

david k — Thu, 23 Mar 2023 03:00:17 +0000

In reply to Scott. Scott. Seems like an ideal shorting opportunity if you are right about a back test

By: Scott

Scott — Thu, 23 Mar 2023 02:44:59 +0000

In reply to Scott.

https://rightsideofthechart.com/members/scott/activity/268724/