Divergence begets Advanced Micro Devices. AMD
Divergence, as many of us know can be one of the earliest signs of an impending fall on a price of an assett of experiencing upward growth. IN our experience this is true in nearly 100% of the cases, irrespective of the actual size of the end collapse. These can be large and take longer or small and take less time. Although divergence is a significant predictor for an incoming reversal, it says nothing of the magnitude of this reversal when it does actually come. Bearish on AMD
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Trade closed: stop reached