That’s right. Time for the markets to drop. It’s that simple. The market will respect my green shaded box. The market will close inside it this week. Formulas don’t work. Bollinger bands don’t work. Indicators don’t work. But what you can do is check the patterns and find the boundaries the stock should trade within. Other than that it’s risk management. Nobody truly know Jack It’s all about probabilities and ranges. The stock will close inside my shaded area this week. If it were to do something stupid like break 441 and close above it , that will not happen this week. If it does I give up my name and will request it be changed to “Doofus”. To answer the question about Japanese candles and after hours. Ignore it. After hours mean little to nothing. Japanese candles for the most part mean nothing by themselves. Combine it with where they show up and they do mean something. Things like three black crows though ignore that. It’s kind of garbage. Anyway look for the drop to end the week and if not look for me under my name change, assuming it goes through to Doofus. I personally am not even messing with the market tomorrow. What is more important to me is where we close the week. I will take action based off that.
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the very smart guy iavon mentioned this and I feel much better... this looks bearish to me... Note
Actually, F**## that is very bearish. I can sleep well now, not that I am down more than a buck a share but that is a bearish setup. When that snaps... 420 is on its way...Note
I am updating my prediction... a little bit of upside left but teens on the way.... I am fully confident in this. 1000 percent confident. What would change this? If we start closing candle bodies in the 440s but I really don't see that. (could always be wrong, but I would be SHOCKED if that happened and definitely would request that name change to Doofus!Note
Some updates n the "Options Friday" post... I dont feel like posting all that here too...
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.