When people try to tell you all markets are manipulated, they are wrong. The math is key and charts are very algorithmic.
Case and point: AAPL
Bad earnings but it pumped. Is it manipulation? No. APPL was in a clear uptrend with resistance at .5 Fibonacci on the weekly and more resistance at the 50 MA on the daily. It was destined to hit these points and likely to reject.
Would not long until a decisive breach above these areas.
Where is the Math lol. The fact that most charts find resistance and support on the Fibs should give a large hint that the algo is the manipulation haha
LucyF2492
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@DavidWolbrecht, Statistics and geometry, as seen in the chart. Manipulation would make the statistics that give us moving averages and indicators as well as Fibonacci levels useless.
greenplay
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@LucyF2492, Where AAPL is going next? 180 or come back to 50 MA? Just curious to know the direction. Thanks.
LucyF2492
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@greenplay, Chart is telling me next target on the 4 hour is $166.53