Well we're in this tightening range near the center of the sideways channel. Not much going on. RSI neutral. Moving averages leveling out. Wouldn't be surprised if we see a stop hunt toward that low around 6460 followed by an impulse wave back up to resistance. I don't see it going bellow 6400 at this stage. Trendline magnet is now lower in the 6800 range.
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fuck crypto yall! I'm trading penny stocks. jk or not... =-)Seriously considering other markets for a while. especially because the inability to sell short in the US penny stocks seem like an intriguing option. I've traded stocks before mostly momentum/swing. But not much in the realm of penny stocks.But the ability to sell would be a major bonus I'm currently lacking. Also I have a much higher success rate shorts v longs.
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Or I could learn to long better... in a bear market... I guess that's a skill too. =-)Man feeling frustrated. I was using 1fox and now this bs happens. Also did you see that bounce. Right down to the support level I mentioned. That's what you call precision. lol
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Just started reading: Trading Price Action Trading Ranges: Technical Analysis of Price Charts Bar by Bar for the Serious TraderA book written by a trader for traders. So far I'm impressed with it (rare for a trading book these days.)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.