One for the Advanced Traders........

OK, the 3min NQ did rally later, but I hope all the Advanced Traders among you noticed that this rally unfolded as a 5-wave pattern,. Then a reversal started to unfold right at the Typical Wave 5 WPT which was also right at the DP. And all of this on Stochastic divergence as well.

As such, this was a good short for the Advanced Traders among you.

So looking back, MTP was able to nail both the low of the day and the high of the day on the NQ – not bad for a days work :-)

Thanks

Steve