UNITEDs lesson. Fib play. Fibonacci Retracement Tool.
NKLA 1D. Fib retraced back down the the Golden pocket ratio after being rejected by .236 fib. Then dead cat bounce Back up to the .236 on the second drawn fib retrace tool. Wow just wow.
How to draw fibs?
Great question. Draw from the bottom structure to the top, yes wicks. This will allow you to see where...
Speed lines are a great way to enter and exit stocks if you are a day or swing trader
some use 3,5 ema
or 5 ema and 8 sma
or 8 and 13 ema
you figure out what works best for you
I hope this video helps
Rick
We now have more price action and It looks like we will be range bound for a bit as the bears and bulls try to get the upper hand. I show both bull and bear scenarios in detail and how the elliot waves may look as we start to move. Make no mistake the 5th wave Extension is never good to see if you are a long term bull on an asset. Its not so bad here because its...
In this video i provide a road map and potential topping formation on the hourly time frame. It would be unwise to hunt for a long position at these levels. The fear of missing out can be a powerful emotion that must be controlled if you want to succeed as a trader. We must make logical trading decisions based on confluent factors. Using multiple indicators and...
