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    Ewerton Alves
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    The document discusses a parabolic wedge pattern in a 5-minute Emini chart showing a potential trend reversal from bullish to bearish. While there are two lower highs and a lower low forming the wedge, the tight price channel and bullish bars suggest only a minor reversal rather than a bear trend day. Additional context is provided by a 60-minute exponential moving average.

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    The document discusses a parabolic wedge pattern in a 5-minute Emini chart showing a potential trend reversal from bullish to bearish. While there are two lower highs and a lower low forming the wedge, the tight price channel and bullish bars suggest only a minor reversal rather than a bear trend day. Additional context is provided by a 60-minute exponential moving average.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    9 views2 pages

    Modelo

    Uploaded by

    Ewerton Alves
    The document discusses a parabolic wedge pattern in a 5-minute Emini chart showing a potential trend reversal from bullish to bearish. While there are two lower highs and a lower low forming the wedge, the tight price channel and bullish bars suggest only a minor reversal rather than a bear trend day. Additional context is provided by a 60-minute exponential moving average.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Graphical Elements: Price Bars, Overlays

    16 16 16 16 16 16 16 16

    12 12 12 12 12

    Stop

    BrooksTradingCourse.com BrooksPriceAction.com Slide 1


    Emini 5 Min: Parabolic Wedge and Bull Trend Reversal

    Parabolic wedge
    HH DT but tight channel Wedge LH DT
    Low 2 top but bull
    so minor reversal
    bars so probably
    not bear trend day

    DT

    60-min EMA
    21/7/7
    Parabolic wedge at 60-min EMA

    BrooksTradingCourse.com BrooksPriceAction.com

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