NQ Tape Reading Lesson

 Oct 2, 2020 NQ tape is classic textbook learning materials.

1.  Bear Flag Patten (67.1% success rate)

2. Ascending Triangle Patten (72.7% success rate)

3. Head and Shoulder Patten (83.4% success rate)

4. Bull Flag Patten (67.7 % success rate)

5. Double Bottom Patten (78.5% success rate)

6. Double Top Patten (75% success rate) / Triple Bottom Patten (79.3%)

 AD vs ES divergence

 

in the above left charts show AD and ES divergence, that gives good indication for next reversal of trends.

Core Set Up Back test

1. S26, S06 with key resistance level

2. L06, L18 with lowest of tape of day and Exhaustion of trend

3. S46 with key level of resistance

4. L66, L77 with key level of support

5. L56 with key level of support

6. S18 with key level of resistance