Thursday, June 7, 2007

NDX Wedge Setup

This morning we had a wedge form on the NDX 5m chart that was trading for a nice move to the downside. Once the black candle peirced the wedge we were looking for the next candle to confirm the break lower which it did. The NDX moved over 10pts very quickly once the wedge was broken. Thanks to Sylvia for spotting this one this morning.

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