META8.31.24 I know meta platform has reached a new high, but I don't see it as a simple trending Market that's going to make tremendous moves higher. that's because the market did make new highs but now it's been ranging, and not just that the market came to an ABCD pattern which is a significant reversal pattern. if I was pushed to make a decision about this Market I would say that it's a trending ranging Market... it's both and it's not clear if the market is going to expand its Trend or reverse and go lower. years ago I got into a stock market trade and I made a lot of money... unrealized profit because I was trading at long term and in a very short. Of time much of it in 1 day took a very large portion of my profits because of bad earning news. that was a wonderful. Of time because every trade I made was absolutely extraordinary because I thought I could make more money as long as I go long.... and then there was the very large correction lower on that first agonizing correction. that was a long time ago I think 19 27 and I never took a position in the equities markets as if it was going to go up forever. for me personally, that is when I learned that there's something I just didn't understand and could reconcile in my Trading and I know it but I didn't know what to do until years later.At the end of this video I laid out the possibility that the market could go to a new high and also move lower
