Get started

5-0 Pattern

Pseudo Meat - The Final SqueezePlease know this is speculative and not serious. Please do not trade beyond meat lol. I'm not responsible for your loses/emotional distress. I was just bored looking at this sh*t show, when I noticed an interesting pattern that could play out. Bearish 5-0 Pattern (See link for rules). **I removed all the fibonacci retracements to make the chart look clean** The XA retracement falls in line with the 1.13-1.618 target range. The AB retracement of 1.618 - 2.24 probably will just barely hit. We are being held up by the POC on a significant volume profile right now. If it held here, I wouldn't rule out the pattern. Lastly, short squeeze to the 0.50 of BC @ 158.35 before selling off gracefully. **This can go much lower than the 1.618 fib, hence the rule for point C 1.618 - 2.24 (Essentially once it "bottoms", however if shorts are squeezed and it "bottoms" expect a 50% retracement). Now I know what you're thinking, IPO lock up is done. This overvalued pseudo meat company is going down way further. I agree. If this thing was a sh*tcoin, it'd probably be Verge. I don't know. However, it looks like the stock market is about to go on a run with interest rates being cut at ATH's, billions and billions of liquidity being dumped into the repo market daily, and dollar-weighted put-call ratio beginning to flash a buy signal (www.optionstrategist.com); I really wouldn't be shocked if this sucker screws the bears one last time before its inevitable collapse. I'm not saying go long. Not saying go short. I just wanted to float this out here, because on the off chance I'm right it'd be kind of cool.
NASDAQ:BYND
by BigDGoesHard
EURUSD-Weekly Market Analysis-Oct19,Wk3A bearish shark setup out of the downtrend channel poses a treat to this shorting trade. Traders who had engaged the trade and shorted the market like myself chill. I will follow my trade plan the only thing that is different is that I will be alert when the market hit the 1st target and I might gear up for 5-0 pattern trading opportunity to buy. Will have to see how the candle forms up at the 5-0 region. If market bash through of the 5-0 Pattern Zone, I'll then wait for my second target.
Long
by RaynLim