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clock Created with Sketch. 04/09/19
21:05
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Originally posted by andres:
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As posted before, need to be careful re what is observed re TA. I watched the trading carefully Monday and it appears one larger seller. When the chart has an upward trend and it starts consolidating the geometry crosses and it can take one larger player to exit and it causes a TA bump. The volume was very light and the fibbos are all very much intact. I use a similar fibbo to the top of the wick on the day off the high to the last run. Even the whole move is very much ok with fibbo. The trading is not illustrative of a loss of sentiment - the pattern of selling does not indicate this.
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I’ve got a very close friend who only sees everything as a TA. He’s a very smart cookie, however, he misses out on so many opportunities because the TA doesn’t look right to him. He thinks I’m crazy Investing the amount of money I have in IHL. I’m not saying I don’t listen to him, but when he’s against something, I do the opposite. It’s paid off so far! Hahaha!
