Just to start off, I'm not going to bore you with MA or SMA... I'm going to tell you that "trends are your friends". Continuation and reversal patterns give you a clear picture of the coming days.
Short term Bullish, mid-term Bearish, long term Bullish.
We will hit the 3rd final top of this reversal pattern we came into. You can make a bit of money shorting from the top to where I believe the bottom will be. Then turn around and go into a long after. Profit both ways, why not?
Short term Bullish, mid-term Bearish, long term Bullish.
We will hit the 3rd final top of this reversal pattern we came into. You can make a bit of money shorting from the top to where I believe the bottom will be. Then turn around and go into a long after. Profit both ways, why not?
... However, keep in mind, we did just go up nearly 6%.
What big investors love to do is manipulate people into thinking that “bull run to the moon here we come”...
Uhhhh rethink that.
6% is extremely high without most of them wanting to take profits from that. Remember, buy low, sell high... Make more money on the short down.
They always like to reverse prices after s huge spike because people are IMPULSIVE. That’s exactly what they want you to be before they pull the rug out from underneath you.
They want you to see the huge green candle and think everything has just turned around... You go in, and bam, price drops like a hammer.
Same way on the other side of the coin.
Something to think about.
Am I SURE we will triple bottom? I think it’s still in play to recognize that we have just had a massive rally.
I know I’m in a short position...