You can if your main objective is to be right and not make money, but we all know what eventually happens to such traders. I use trend lines...
Care to motivate?
Anything can happen, I’m just going to keep following the price action.
Why? Bear markets have some of the strongest rallies in them.
I think we might test up to 2720 before we break down again to test the feb lows.
It could, the earnings reports will be the catalyst.
My projection for the coming weeks. Daily chart.[ATTACH]
I have also added some longs.
Have added some longs for what I believe will be an intermediate term reversal, will hold them a few days to a week. 2700 looks like a good level...
[ATTACH] 4HR downtrend still intact, for sure we should see some retracement here short term Interesting macd divergence, could be a tell tale...
Why would any successful trader see the need or even want to “compete” with such participants. It doesn’t matter, keep your head down and focus on...
In my opinion the technicals were and are more bearish than the fundamentals. But as usual, big news fundamentals are lagging and price action...
Seems it the h&s held some significance at least.
Turned out pretty good.
I think a bounce back to the 200dma from here and then back down should be quite probable.
Anyone else seeeing the H&S on 1h and 4h?
That’s a head and shoulder on 1h and 4h chart right?
Up 20% on my account this week, but still holding some large losing long positions. Since I believe that equity indices always return to their...
Are we going to break the hourly downtrend or revisit the feb lows? [ATTACH]
The S&P did reverse tho so there is that.
Separate names with a comma.