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Ross Givens
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Traders Agency > Archives for October 18, 2022
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Nasdaq 100 Hits Overhead Resistance
Stocks in the US have been on a wild ride since Thursday morning’s CPI release. The Nasdaq 100 (NQ) gained 2.2% that day, followed by a 3.1% decline on Friday and a 3.4% rally yesterday. Needless to say, the market has been volatile. But with today’s initial rise bringing the NQ up to down trending …
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Breaking Down the Triple Top Pattern
Today, we’re going to follow up on last week’s “triple bottom” discussion by talking about its bearish counterpart, the “triple top” pattern. Just like the triple bottom, the triple top is a trend reversal pattern. The big difference, of course, is that a triple bottom forms at the end of a down trend, while a …
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