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BILI trade ideas

Make money even if you ain't into gamingI can't play games nor have any interest in gaming yet my portfolio consists of several gaming companies like Tencent , Huya, etc As investor, we must look at the business from multiple perspective. Of course, if you are into gaming, it may offers you a different insight into the game. But, understanding the trend, psychology behind the gaming thrills, etc can be a skill honed over times. Read news here . My first post was here which if you had invested , you would have made 2 and half times profits already ,haha.
CAPITALCOM:BILILong
by dchua1969
2-618 Short off supply Hi guys I get a lot of questions on what a 2-618 trade to find bottoms & tops, (longs & shorts) fairly simple set up & works in all time frames, typically higher times frame= more confluence, often more risk as well. Find supply/structure (LOOK LEFT!) typically they will be too far from moving averages and will be pulled back (gravitation) to 10 or 20 day. Find M shaped double top, let it make a break low. use fib to measure move high to low (red arrow) Sit and wait patiently at 618% level to short stop above high ( with price action ) , This is great example, Notice the shooting star candle that closed under 618% level, notice sellers creating rising volume bars i highlighted, this was institutional money cashing out imo. Notice the the moves (green arrows) which i cloned & added to right of pattern so you can risk to reward, (red arrows are mae or risk factor) More then mae, my favorite thing about my Mentors patterns, ( @tntsunrise ) when they hit you are green a lot of times instantly often very ( up big $ w in seconds) , that's when you know your selling/buying w an edge, This plan paid 60 points on 3 trips from 618% with a total of 7 points in Mae in red, see contrast in arrows(cloned) on right red= measured move in red, green = measured move in profit, learn this it pays and very well, if you want to try to find this pattern & draw it, try JD, then compare with my JD plan i posted, it is the same exact play, you will start to see very often once you train your eyes.
NASDAQ:BILI
by Hiddenharmonicstrading
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