SNX - PRICE ACTION UPDATE - Time To Reverse Course - STOP OUT!
In this video I go through the potential larger degree pattern and compare it to the similar pattern in SHIB.
As I mentioned previously if we break support then the count is invalidated.
I do always have to keep in mind an alternative scenario even though it might seem unlikely at the time.
I present the bearish view here and how I shorted SNX this morning after seeing price take a dive and then bounce.
When your analysis is wrong you have to react quickly and calmly in order to take advantage of these invalidated counts.
Using my methods I was able to do so but here I also shed some light on what could have implications for other cryptos.
I have no problem changing direction as long as the alternative count makes sense and has some context to support the view.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
As I mentioned previously if we break support then the count is invalidated.
I do always have to keep in mind an alternative scenario even though it might seem unlikely at the time.
I present the bearish view here and how I shorted SNX this morning after seeing price take a dive and then bounce.
When your analysis is wrong you have to react quickly and calmly in order to take advantage of these invalidated counts.
Using my methods I was able to do so but here I also shed some light on what could have implications for other cryptos.
I have no problem changing direction as long as the alternative count makes sense and has some context to support the view.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
