when $QQQ posts a bearish engulfing candle

$QQQ posts a bearish engulfing candle

$QQQ bearish engulfing candlebelow the trading strategy rules

1) $QQQ close is within 5 % of the top range of 250 day Intraday high and low values &

2)$QQQ posts a Bearish Engulfing candlestick ( i.e during an uptrend where a large black body fully contains the previous day’s small white body )

below the trading odds for longs , for the next 1/2/3/4/5 trading days , since Y2K

$qqq bearish englufing candlestick pattern

ps: clicking the above image will take to the detailed backtest report and details of historical trades

31/32 times , since last Y2K, $QQQ closed higher than the current trading day’s close , at-least once in the next five trading days at close , with an average of 60 bps

PF: Profit Factor, and OAPF is the outlier adjusted profit factor ( which is profit factor recalculated after removing the maximum winner )

below the trading odds for longs , for the next 1/2/3/4/5 trading days , since Y2K ( in readable format)

Exit # Wins % Wins Avg% Med% Avg Win % Avg Loss % Pay Off Max Loss % OAPF
t+1 32 20 63.0 0.23 0.31 0.72 -0.57 1.25 -1.69 1.80
t+2 32 16 50.0 0.10 0.00 0.85 -0.65 1.31 -1.60 1.22
t+3 32 21 66.0 0.23 0.27 0.74 -0.76 0.98 -1.76 1.65
t+4 32 19 59.0 0.10 0.37 0.89 -1.06 0.84 -3.69 1.12
t+5 32 22 69.0 0.17 0.50 0.98 -1.61 0.61 -3.74 1.23
1st +’ve exit in 5 days % 32 31 97.0 0.60 0.45 0.64 -0.47 1.36 -0.47 44.66

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