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What I learned from a losing trade (notes on chart)
JXMFinancial, could you please add titles to you ideas? A clear title that describes your idea. A title like this doesn’t say much and won’t attract much interest to your idea. Thanks.
I'd like to suggest that you start the trend from the day before the big gap up because that's where the buyers started. See how that changes your chart and where the .382 retracement kicks in ( a bit lower ). I like the lessons learned and feel free to mark any fundamentals on the chart (as in when the 10% of stock added to the float kicked in - perhaps it was on the biggest volume day there?)
Tim - Thanks for your valued input. Its just a habit of always using the open instead of the -1 from gap because PM volume is usually a fraction of the volume on the open market. I do have non published charts where Fib calcs both (gap and -1) and the key retracement might suggest $62 is the bottom right now. I will consider adding more notes to the charts in the future to help clarify and teach others what im seeing.
I remove titles because of limited characters when uploading directly to stocktwits. The longer my title, the less I get to comment on without adding notes to the chart ( which I guess I can also do)
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