Price has stayed in between the 1.0 and 0.618 area the likelihood of a drop to 1.618 fib level is high
A man must believe in himself and his judgment if he expects to make a living at this game. That is why I don’t believe in tips.
of course, it's not financial advice you are 100% in charge of your decisions
Nice Uptrend HH + HL the 50MA (purple) should give a support level and continue to the upside
They say there are two sides to everything. But there is only one side to the stock market, and it is not the bull side or the bear side, but the right side. It took me longer to get that general principle fixed firmly in my mind than it did most of the more technical...
As you can see on the chart there is a developing head and shoulders pattern. If the last leg developed perfectly, we can expect a potential 22% to the upside to the 1.618 and a further pump to the 2.618 which is exactly same as the head to the bottom distance. A buy stop order can be placed just above the neckline of the inverse head and shoulders pattern. This...