Stock Market Carries Risk, If you can't manage your risk or time your trade, you will lose.
We still didn't bounce from a proper support on QQQ I think the next impulse waves with momentum will be negative.
We haven't entered a correction phase yet! so hold your horses!
This is just an ABC wave correction (a warning shot!), the Real fun begins when we have complete negative impulse waves 12345, if the first wave is bearish, we are seriously looking at 120 or lesser levels. If there is a collapse, we are looking at a crash. Don't be surprised if there is a crash, its long over-due.
AMZN will be the best ATM machine; its way overvalued and it doesn't have a proper support above 950. Another stock to consider is NVDA, because NVDA doesn't have a proper support.
I think the correction will last at least 4 months for proper consolidation. Now, it doesn't mean we will have a bear market, it just mean's its going to take at least a couple of month's to break this high. In another word, we are just constructing a base for a healthy market to sustain and hold.
About the harmonic pattern, I think it's going to make an anti-butterfly and wave downwards, I am not good with harmonics, but it's a good reference when we are not sure about the support or the resistance ATM. Something to go with right now...
Good Luck, and don't get tempted to buy cheap shares, sell the high and enjoy!
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So ya, Monday, Tuesday should be bullish. Wednesday not sure.
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looking good, looking good. I am going to ditch this baby if it doesn't follow the rule.
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I did this one manually, so the calculation is a little bit off on the chart...
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Okay waiting for the signal, 80% cash atm XD Closed my long trades.
@MR.Bear, Hopefully not... we will see, everything looks bullish atm. All stocks are over their resistance. The market is bullish, however, we will be careful.
GaganSingh
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any updates?
UnknownUnicorn1020621
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@GaganSingh, fingers crossed... waiting for confrimation.
GaganSingh
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@Avasreader, what do you use as a confrimation?
UnknownUnicorn1020621
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@GaganSingh, RSI ema crossover, MACD, CCIOBV Crossover. (cci is my fav)