Well, there was trouble at TESLA (TSLA). The chart shows major switches in ATR, SqM and investor sentiment. These are not predictive - and I don't do predictions.
The changes are indicative of probability for the south. Price could go north before going south, if a bearish envelope persists.
Disclaimers : This is not advice or encouragement to trade...
Pure greed has driven TESLA to ridiculous heights.
Robinhoods are in this market. Most of them from China.
Parabolic expansions tend to fall - sometimes very quickly.
Stay tuned. Stay safe.
Wash your hands and face! 😂
Eat veg! LOL.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied....
The short answer is that I don't know! As I keep saying, I don't own the future. I'll say what I see and my inferences.
1- Wide zone of congestion approaching - likely to cause hesitation.
2 - A rising contracting wedge.
3 - A retracement on the 1D time frame up to near 76.4%.
None of this is predictive of anything. Markets do as they like - or more...
This is not a prediction. I don't do predictions. The setup is only a probabilistic estimate based on a reckless disconnect between market sentiment and fundamental reality. It's probably the most reckless in history.
For every probability estimate in one direction - NOTE CAREFULLY - that there is a residual probability in the opposite direction. So if for...
You've been told! Get ready. There is trouble in this heading south more likely, than not!
Reliable sources in non-mainstream media are picking up the second wave of a virus outbreak in China. This is not fake news!
The re-opening (or partial re-opening) was actually fake news. Facilities were actually being built to accommodate more sick and dying people.
...
A 'black swan' event is something out of the blue - that creates systemic risk. The 2019-nCOV (virus) is potentially one such thing.
The markets have not been prepared for this - at all. Could it be the pinprick that pops the 'tech bubble' that influences markets globally?
The shock waves of this itty bitty virus are totally unexpected. I go into some price...
I had flagged that the DJI and NASDAQ were in trouble some time ago. I told everybody to 'GET READY'. Some were hypnotised by POTUS's assertions that the American economy is doing "fantastically well". Yes he said so and I have the reference.
The data on ISM that triggered this plunge/correction was not brand new information at all. It's only because the ISM...
Look carefully. I'm not saying to that anybody needs to trade 3-day time frames.
The point of this chart is to show that there is an overdue correction - and I don't know when it's gonna happen. Why? Cuz unlike many out here, I have no crystal ball - and I don't own the future.
Elliott waves are not to be interpreted rigidly. Fibonacci does not tell markets...
WTI Crude Oil is in a troubled zone on 3-Day time frame. I'm short. Price is struggling in a zone of investor resistance with ATR resistance just above. This convergence spells greater probability for the south. (Note that for every probability in one direction there is a residual probability on the opposite direction- hence no predictions)
'Everybody' is watching the S&P500 and Wall Street. Some may have forgotten about the India50 (the NIFTY). It appears to be troubled. I've shorted at what I estimate to be a turning point (which is not advice for others).
If this falls, it could be ugly.
I do not trade this index. In this screencast I show how there was a major struggle in the world economies between February 2018 and today 28th October 2018. I explore potentials for Bitcoin and Gold.
A major corrective move south n the MSCI-ACWI has happened. This index is an aggregate of world indices.
What we see on this chart is:
1. Price struggling to...
It's not looking good for Bitcoin on the bigger daily trend. Yes my opinion changes but that's only because I'm seeing new things happening - and my perspectives are different on different time frames.
I've decided to wait.
