yep RP, the time to go short was yesterday at resistance, NOT
yesterday at the close, in fact at the close yesterday was a good
long area.
the question I proposed yesterday was the sell off looked like 1
big wave such as a, so is this b wave, and then we get a c wave
that is the low risk buy?
That sounds right. Members should always consider that charts
are “written” in advance. So, when unexpected news causes an
extreme move that effects the charts, probabilities are extremely
high the bulk of that move will get “erased” from the chart to
reset the chart back to its original state, via reversion to mean
trades, in terms of patterns/symmetries, targets, etc.
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ok listening to steve he
Posted by RP on 7th of Oct 2020 at 09:28 am
ok listening to steve he commenting on ABC
yep RP, the time to
Posted by matt on 7th of Oct 2020 at 10:03 am
yep RP, the time to go short was yesterday at resistance, NOT yesterday at the close, in fact at the close yesterday was a good long area.
the question I proposed yesterday was the sell off looked like 1 big wave such as a, so is this b wave, and then we get a c wave that is the low risk buy?
That sounds right. Members should
Posted by chartboy on 7th of Oct 2020 at 10:16 am
That sounds right. Members should always consider that charts are “written” in advance. So, when unexpected news causes an extreme move that effects the charts, probabilities are extremely high the bulk of that move will get “erased” from the chart to reset the chart back to its original state, via reversion to mean trades, in terms of patterns/symmetries, targets, etc.