Semiconductor's aligned performance with major indexes is well known and well advertised.
Many felt disappointed and lost money - myself included - when they broke year's old resistance.
With an empty chart - that always help - found the following:
-Doji at the upper boundary of a bearish wedge
-127 fib resistance
-Monthly old money flow divergence, as well as with QQQ's (using them as a Nasdaq proxy){I knew that when shorted at the dotted line the previous time}
Not a revenge trade. I cooked lunch, dinner and the weeklies for the dog before I hit the short button. Watered the flowers too.
Can such a small doji, break such a huge bull? You never know and I don't really care. Even one downtick or a fraction of a penny can break empires at the right time, the right moment. As long as a good R/R exist, I sleep ok.
Just another trade.
Cheers
P.
Many felt disappointed and lost money - myself included - when they broke year's old resistance.
With an empty chart - that always help - found the following:
-Doji at the upper boundary of a bearish wedge
-127 fib resistance
-Monthly old money flow divergence, as well as with QQQ's (using them as a Nasdaq proxy){I knew that when shorted at the dotted line the previous time}
Not a revenge trade. I cooked lunch, dinner and the weeklies for the dog before I hit the short button. Watered the flowers too.
Can such a small doji, break such a huge bull? You never know and I don't really care. Even one downtick or a fraction of a penny can break empires at the right time, the right moment. As long as a good R/R exist, I sleep ok.
Just another trade.
Cheers
P.
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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.
Disclaimer
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.