I am re-posting this because I really screwed it up earlier by not erasing stuff from older posts. Patterns change and nothing goes up forever, except gas, cars, houses and groceries (o:
Looks like a Bull Shark but market has been in a funk so I am in an overly cautious mode I think )o: Today was a decent day but I am not sure if it was just a relief day or not. Tomorrow is another day.
ADSK did seem to bounce off the .886 fib level just like good sharks do. Bad sharks can kill you though so behooves one to watch for a consolidation zone. So far there are 3 candles at this level, the .886. Peak 2 is higher than peak 1 so clues one in that it may be a Cypher or a Shark.
If one wanted to trade this, a stop below the most recent low may work. I do feel now is a time to watch your trades though. Sometimes cutting down on position size or the amount of trades can be lucrative to your wallet.
No recommendation.
A lot of red looks very bearish, and it is, but enough of it can also flush out most of the sellers, and often buyers come in to the picture. I do own this stock/Just FYI
Looks like a Bull Shark but market has been in a funk so I am in an overly cautious mode I think )o: Today was a decent day but I am not sure if it was just a relief day or not. Tomorrow is another day.
ADSK did seem to bounce off the .886 fib level just like good sharks do. Bad sharks can kill you though so behooves one to watch for a consolidation zone. So far there are 3 candles at this level, the .886. Peak 2 is higher than peak 1 so clues one in that it may be a Cypher or a Shark.
If one wanted to trade this, a stop below the most recent low may work. I do feel now is a time to watch your trades though. Sometimes cutting down on position size or the amount of trades can be lucrative to your wallet.
No recommendation.
A lot of red looks very bearish, and it is, but enough of it can also flush out most of the sellers, and often buyers come in to the picture. I do own this stock/Just FYI