This is a clear example of earning call effect that can not be calculated or predicted by technical analysis!
There was almost no chance to predict this move base on technical analysis, at least as far as I know. Short (Sell) signal was the most probable scenario yesterday! Today yo see a +10% jump!
Anything in the world has its own limitations! Technical analysis is no exception!
on Sunday I published an analysis for my private followers with the title “walking to unknown” and predicted that there could be no relationship between chart and outcome of the earning call.
You can read that using the link below:
There was almost no chance to predict this move base on technical analysis, at least as far as I know. Short (Sell) signal was the most probable scenario yesterday! Today yo see a +10% jump!
Anything in the world has its own limitations! Technical analysis is no exception!
on Sunday I published an analysis for my private followers with the title “walking to unknown” and predicted that there could be no relationship between chart and outcome of the earning call.
You can read that using the link below:
