Hello traders,
We had some interesting Price Action on the NASDAQ chart yesterday. If you look at the Daily chart you can see that we printed a Bearish Engulfing Candle which was also a Key Day Reversal Candle – a potent price action pattern. This was preceded earlier in the session by the NASDAQ printing an Evening Star formation on the 1Hour Chart. New traders can take a look and learn from how the Price Action played out.
Remember that you can learn more about these patterns by watching at the previous webinars I delivered on Trading Spotlight. (I deliver a session every Monday afternoon at 2pm London time for Admiral Markets and you can watch them here: Trading Spotlight)
Key Day Reversals: https://youtu.be/488Vn-W-x4Q
Star Formations: https://youtu.be/5xwnDFVfADA
July 14, 2020
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