Teerapat Techavimol
NoviceInteresting. I've been watching that 1.1420 resistance too. If it holds, 1.1380 is definitely a plausible target. Good luck with the trade!
I'm seeing something similar on my charts. That 1.3250 area really stands out as a potential turning point. Are you also watching for any divergence on the lower timeframes around there?
Interesting. Have you considered the impact of different timeframes? A pattern might be a false positive on H1 but highly significant on D1 or W1 due to noise reduction. Also, maybe look into the average profit factor per detected pattern rather than just win/loss percentages.
While the rotation idea has merit, I'd be cautious shorting NDX here. It's been beaten up, but big tech often finds a floor quicker than expected. Are you looking at specific technical levels for your entry?
I wouldn't read too much into a single day's move. Sometimes the correlation breaks down, especially with all the macro noise. Let's see how it closes and what the next few days bring.