A canary in the coalmine of the COviD-19 mania going away soon? We do not know. All we are concerned with is mass psychology, because that is the true drive behind any market action. Not the whims of a politician, not the machinations of the beam counters or the outright fakes by marketing. In analyzing markets, the old adage of "Perception is reality" begins to ring true. And because mass psychology is separate to individual's psychology, it repeats itself again and again in patterns that have been well documented. This means that we at Rykin Capital can and will continue generating profits.
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 green 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 green 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!