The chart shows a powerful sharp switch in sentiment - which is rare on the 8H time frame. Clearly sentiment has been dented. I see small gamblers jumping in, buying the dip.
Sure - on smaller time frames they may make a few bucks. However, at the moment I think they risk transferring money out of their pockets - on the probabilities shown on this time frame...
Well, there was trouble at TESLA (TSLA). The chart shows major switches in ATR, SqM and investor sentiment. These are not predictive - and I don't do predictions.
The changes are indicative of probability for the south. Price could go north before going south, if a bearish envelope persists.
Disclaimers : This is not advice or encouragement to trade...
On Thursday 3rd Sept 2020, the DJI did an important about turn on the 1H time frame. Price collapsed 1100 points in one day (not on mid-point pricing). A correction was not unexpected, as many had known that the DJI was heavily overbought. As this is a trend-following set up, you will find no predictions .
However, 1100 points was rather more than expected and...
In this screencast I explore some interesting features in the 1D and 3D time frames.
There is a very rare VHC on the Aroons on the 3D time frame. This has not happened at least since 2008! It usually means business.
Have a look.
As usual your loses are your own.
