Peter Brandt tweet ( twitter.com/PeterLBrandt/status/1175399813640282113 )
One thing I have learned from 45 years of trading:
Markets have a tendency to do what the most number of market participants least expect and don't want to happen.
Descending triangles are most often bearish.
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What do you make of it?
One thing I have learned from 45 years of trading:
Markets have a tendency to do what the most number of market participants least expect and don't want to happen.
Descending triangles are most often bearish.
***********************************************************
What do you make of it?
Comment
After listening to Peter's explanation (on youtube), this round was the 4th parabolic move and he says there are 2 possible scenario's at play at the Macro Level1) the 4th parabolic move is complete so this is a blow-off with this large formation
2) this is still part of the 4th parabolic move as per charts below as with BITSTAMP (last) chart
Comment
One can argue that the head and shoulders move did play out
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This community has signals now but with no risk management comms.
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This community has signals now but with no risk management comms.
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