Mr Renev Dump alertHere is a script to know when big dumps, and pumps, are happening.
Meant for crypto (I know that's what most people are interested in - it's a mistake) and small caps.
Might work for other things have not checked.
With some random small cap:
Euphoria
Wall Street Cheat Sheet - Live and Death RunHi,
This script was inspired by Wall Street Cheat Sheet and a video published by "Gold 2020 Forecast" www.youtube.com .
I was trying to check if what the video claims as a unique pattern is true.
It looks like - either my script is rubbish (which might be as it's one of my first scripts in this programming environment) or this pattern it's not identified correctly.
In general this script should idnetify the euphoria phase on the market (1 or 2 down candels followed by 6 to 8 up) or the end of the depression (1 or 2 up followed by 6 to 8 down).
In my opinion those conditions do not determine and identify market phases correctly.
[STRATEGY] Follow the Janet YellenIn the era of central bank's helicopter money, the market will always be skyrocketing up and up given enough time.
What's the strategy to profit from indices?
Only short the market when its in a state of euphoria /irrational exuberance bubble, or sell when it is confirmed (20% drawdown). Otherwise, you really have no reason not to long at every chance.
Conclusion:
Follow the printing press like a sheep.
