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Rykin_Capital
Oct 30, 2021 3:24 AM

Ion Geophysical will fall more. IO Short

Description

It looks like we started a zigzag, completing Wave A. Given the Fib time and retrace projection there is still plenty of time and space for this thing to fall further. Just remember that this is just one take, the most statistically probable one in our view, so, yet, anything is possible. The market can and will surprise, disappoint, invigorate and depress you.

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: target reached

First one! 11th NOV

Trade closed: target reached

Second one.
Comments
thomasspayne2
How does a stock go negative?
Rykin_Capital
@thomasspayne2, you are looking at the wrong axis.
thomasspayne2
@Rykin_Capital, How does a profitable company drop after a positive earnings report?
Rykin_Capital
@thomasspayne2, we do not offer free technical analysis or markets 101 education for free. Please consider other options.
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