I always find it funny to hear people say it's down X amount blah blah without looking at the chart. As posted a while back Lumber was up 577% since then it has collapsed on a dime. Now at support. for a bounce. great risk reward
You are far better off spending time learning how to read a chart on your own and seeing patterns that make sense to you than trying to learn someone else complex fancy lingo and analysis. that does not mean you should not have a mentor or seeing what other charting analysts have to say. But keep what is simple and makes sense through your own eyes.
Spend time learning good basic economics that applies in the real world. Not what is written in textbooks or theories.
A textbook collapse in GME as expected. I week ago June 3rd, 2021 I posted this chart Clearly, the money flows were not there to support higher prices. Again When Dentists, waitresses, lawyers, and taxi drivers become trading gurus it's Game Over! Dotcom 2.0 Don't blame the messenger.
A textbook collapse in AMC after completing wave 3 up as expected. A week ago June 2nd, 2021 I posted this chart Clearly, the money flows were not there to support higher prices. Again When Dentists, waitresses, lawyers, and taxi drivers become trading gurus it's Game Over! Dotcom 2.0 Don't blame the messenger.
This MMT stuff printing for the people's economy is wonderful! We ought to have more recessions!
MMT printing for the people's economy sure worked well! For corporate profits of course. Not the People!
MMT Keep printing for the "people's economy" who now have to "pay for it" through inflation.
Keep MMTing & Printing "for the people" who will have to pay for it all through inflation.
Key area breaking down. As mentioned back on May 9th. DOGEUSD Analysis Short term bullish longer term bearish MAGIC!
Simple trade on a break-out move up at a key area. When pressure starts to build at the top or bottom of a structure it usually breaks out in that direction.
Be careful of pump and dump Bots! More data needed to find good key risk-reward areas in All asset classes.
Keep it simple with good risk-reward management! "We don't have to swing at every pitch." Warren Buffet
You can't buy the dip unless you sell the rally! No matter how high prices go you are always 100% from Zero! Cute Stories Kill Accounts!
Thank you for your support!
Historically FED has raised rates when unemployment has been between 6.5 to 5%. Will it be different this time?
After first featuring NIO back on April 8th the breakout never materialized. Now the path of least resistance is lower. Great risk-reward trade here.