No one should be even looking at CHR unless it has a clear breakout, a correction that looks bullish, and then cracks higher. Only then should anyone even consider allocating money to this chart.
There is literally nothing bullish about this chart. if you see bullishness in this chart your trading career will be very short.
There is literally nothing bullish about this chart. if you see bullishness in this chart your trading career will be very short.
Comment:
This may look small but it's actually a huge -20% plus down move. In other words, anyone who bought $10,000 is now left with $8,000 or less.
As I mentioned when I first posted the chart, there is literally nothing bullish about this chart.
I have seen this chart posted on TV and liked, hyped, and thumbed up as "bullish". Big mistake. "Too low, it has to go up" is not a reason to think this a bullish. Those are vague hunches and feelings with lines drawn on a chart to express those feelings. Thats not unbias TA.
As I mentioned when I first posted the chart, there is literally nothing bullish about this chart.
I have seen this chart posted on TV and liked, hyped, and thumbed up as "bullish". Big mistake. "Too low, it has to go up" is not a reason to think this a bullish. Those are vague hunches and feelings with lines drawn on a chart to express those feelings. Thats not unbias TA.
Real Macro Economic Investing
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Magic!