Triple Chart Patterns to Maximize Profits: SPY, QQQ, IWM Trades
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$
Some great chart patterns to combine with your resistance zones. Here’s 3 examples we traded all in the same day 👇
Rising wedge • (Trade #1) This is a common one, if you spot a rising wedge into your resistance, watch closely for the break. Usually leads to a nice sell off.
Double top • (Trade #2) If the second attempt at breaking resistance tops out in the same place, look for sellers to step in again! Engulfing candles or upper wicks can also add some confirmation.
Bull Flags • (Trade #3) Not what you want to see forming under your resistance zone when looking for puts. If we’re bull flagging on the consolidation, watch closely for a possible break of resistance this time!
1 resistance zone • 3 chart patterns, and enough gains to make your entire month in a day 🤙
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