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Ego ? Dogo more like..
GLA and it.
Yeh, so what? I can back it up, can you?
Its a trap. https://www.tradingview.com/x/TgClIG42/ Lets see, shall we? I don't mind being wrong cos I'm right 80% of the time.
"Ego"..
Funny that "that" should be mentioned.
The markets need people like you. Its how they are powered bro. Through losses. Keep up the "great work"
Bro "Googling" links mean nothing. If you want real-life examples of them. I can supply you 100s from my real-life trades across many markets. Let's see how this move plays out. Your ego is stopping you from becoming a better trader. I have seen it a million times before. Rookies think they know their stuff. Hey if I'm wrong no biggie. I'm just playing out what will probably occur.
You should it will improve your trading massively. Take a look at my twitter. I have many charts and examples of my methods over there. @SwazersC I have posts just about H&S patterns.
Then respectfully as I've demonstrated and backed up with references & examples I do not see the pattern you're alluding to.
For info, & respectfully I too trade and I too have quite a few years of TA behind me me ol fruit........ and if you stick a zero onto the 5 you'll probably be closer to my age matey......
Ps, I'm not saying the prices you quote wont be hit - but what I am saying is that H&S pattern you've shown isnt one by any stretch of the imagination.....
Anyways - I'm sure folks here dont wanna listen to anymore of this - I'll speak to Claudia Winkleman for future ref lols ;o]
atb
Good luck with your racing ;o]
toodles
BN.c
"TA specialist"...oh dear.
Wet behind the ears more like it.
Guys, it's my opinion don't be so triggered. Let's see how this move plays out the next few days. Head & shoulders drops don't always play out of course. Nothing is 100% certain. My advice is to be careful if the price tests 23.12.(Unless it drops before) These moves are designed to trap buyers. Price is now in a tight consolidation pattern. Do not be fooled because you so a little green on the charts today. These moves are meant to trap rookie traders. Price has already touched the medium channel at the top and price has also touched the macrostate, at the top which is a range. I know rookies are emotionally triggered when an alternate opinion is offered. Let's see how this move plays out. I think it will drop to 16p and retest support. Finally Brokennovice. I am a full-time TA specialist and make money from the markets. Your advice is appreciated but its a bit like a 5-year-old child offering how to teach a professional racing driver how to change gears. No offence. Head & shoulders are my specialities. They come in many guises. Be careful it is very strong resistance its been there since October 2019. Cheers.
Hi Swazers
Done a little TA myself for a little while.
If I may I think the H&S you've shown is a little out of kilter.
If I may explain why.
1) a H&S pattern typically depicts the end of a trend whether that be an uptrend - with the traditional low left high head & low right + kneck line - or an inverse H&S at the end of a downtrend (hi left/s, lower head hi right/s)
- if anything in terms of end trends I'd suggest its more likely that we're possibly ending the prior downtrend so therefore should possibly be looking for an Inverted H&S and not the standard you've shown
2) Guidelines regarding H&S patterns is you look for a level of symmetry in the pattern [not perfectly as they never are but the left & right shoulders should be of similar height / length shape - what you've shown I don't believe shows well any symmetry at all because of the spike on the left that you seem to be ignoring a little.......
3) Finally, where is the kneck line for your H&S matey?
here's an example of the inverse h&s however the neck line (yellow) does not work due to the angle of trajectory as it's too steep.
https://www.screencast.com/users/BN.c/folders/Shares%20SOLG/media/82adce89-f253-4956-84fb-1c43d3ac11b8
atb
try to be nice!
r's
BN.c
Not sure swazers, you are more verse on this pattern probably since you feel very strongly about it, and I think I see the pattern you describe, but then the trough on the right side should be much much lower than 16p, more like 10-11p, which these days is as possible as seeing 40p on the upside but seems a bit unlikely.
Are you basing the neckline on the lower part of the channel you put on your chart?
I know, the basics of TA, as have read a book or two, and played around with it. But Iike TigerByTheTail, am not an expert, and I have never used it in my purchasing of stock.
Sorry swazers
You predicted a drop today, that's 100% wrong.
Hi Swazers!
I don't like seeing people lose money.
You should probably reconsider your short position here. Seriously. Especially if you are using leverage, this could get painful fast. IMO, you're in the wrong place, possibly at exactly the wrong time.
I'm not really a TA guy, but I can see serious flaws in your charting as well.
Re-read my original post, This is too painful...
If you knew the basics of what you're looking at you would see the chart here is a daily chart. Let me explain it for cos you obviously need it. Each candle represents one full day of trading. Swing trading can take place over longer periods of time. It is not intraday or day trading. Make sense? or these concepts a little too much for you?
100% wrong how you work that one out? Mr expert.
Good evening swazers, so far your predictions are 100% wrong. One prediction with 50/50 chance and wrong.
You said the share price would go down, let's look at Monday.
A picture paints a thousand words. Let's see if this scenario plays out. https://www.tradingview.com/x/F0hT1fSE/