The back test of the 34 ema is only 6 bucks away and the 13 only 2 dollars away.  It may be sooner than you think.

    yes and no. For a

    Posted by matt on 12th of Feb 2021 at 05:15 pm

    yes and no. For a good symmetrical RS you really need to see price higher. So while it could get there real quick, I would like to see price close up there like 3 months from now just just some tail wick.  IDK man this market and some of these individual stocks are so fast, I don't need to trade off quarterly patterns, everything is so fast these days with big swings. hard enough to trade just daily and 60 min charts 

    I have the right shoulder

    Posted by roger on 12th of Feb 2021 at 05:17 pm

    I have the right shoulder lower than the left because I expect a weaker right shoulder for the reasons stated below.

    I look at the longer term charts all the time because it helps to see the big picture and more confidence in swing trades.

    When you think of it a monthly chart looks the same as a 60 min chart without the noise

    I meant quarterly, not monthly

    Posted by roger on 12th of Feb 2021 at 05:44 pm

    I meant quarterly, not monthly but you get the picture

    for example, when looking at

    Posted by roger on 12th of Feb 2021 at 05:38 pm

    for example, when looking at the quarterly chart, the huge drop down to the neckline last year is not so surprising when looking at the big picture, and buying at the neckline made good sense,  and shorting at the top of the right shoulder will make good sense.  

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