Great video, i was under the impression that this will definately retrace if we carry on without any news. Todays $9+ boom just goes to show how equally important fundamental analysis when compared to technical.
@Partheev, I dont really watch news or anything like that at all.you show me the chart and I'll tell you the news 😄 that $9+ only validated my last video where I showed the bullish scenario. I made this video to show that the different possibilities at these levels.Unfortunately fundamentally analysis wont show you where you need to get out and a lot of people dont take profits when they should.most end up riding it all the way back down :( like those poor souls in NKLA right now
Great post as usual, just a quick question, when you say take profits do you ever recommend fully selling out if you are expecting that drastic of a drop in price? I mean there has to be some kind of possibility that it could extend a little higher/or much higher is positive news + volume happens? Just tryna full understand everything! Thanks for your detailed videos, I really appreciate them..
@arielwainer96, there is definitely a scenario that takes us much higher but it's going to be a break or bust.its a good idea to lock some profits in here and hold the rest.perhaps half? Totally up to you but if we get one more leg up I dont expect it to be huge. The wave 3 is the one you want to catch. A laddering strategy for profit taking is common practice among traders.i hope this helped and your very welcome for the videos