The V-Reversal pattern has become a more frequent pattern in the market since 2022. We have focused our research on V-Reversals in the Nasdaq futures with its sharp reversals. If a trading system works on the Nasdaq futures then it has the opportunity to work on the QQQ.
The V-Reversal 24 is a combination of the V-Reversal II and V-Reversal IV. V-Reversal II trades V-Reversals in the morning and V-Reversal IV will trade V-Reversals in the afternoon.
The results shown are for one share and use a $3 stop loss and $2 profit target per share.
Today, April 16, 2024, we see the long trade taken during a choppy market while Jay Powell is live, discussing interests "higher for longer".
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