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What would you do here? Remember, a quiz is all about the “pattern at hand first and foremost.” I hope that the quiz can shed a perspective on a pattern you haven’t seen, without focusing on the asset itself or fundamentals conditions.
A strong rally has taken this asset back to its 2010 highs along with another resistance line. At the same time, momentum is reaching overbought levels, not see in since the 2008 highs.
What would the “pattern message” be if this asset were to create a bearish wick at this resistance?
What would you do? Would love to hear your thoughts on how you feel about this pattern and what action you might take or if you feel an opportunity is at hand and would like to know the answer to this quiz, shoot me an email to firstname.lastname@example.org and I will get you the answer as soon as I can.
I will post the answer to this quiz on Thursday-