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Saturday, 04/04/2020 12:16:13 PM

Saturday, April 04, 2020 12:16:13 PM

Post# of 1953
This is a great video relating to the psychology of trading.



This video always has a lot of different charts other than price action to help determine the state of our economy and market direction.




Here is the chart that is smacking me in the face as Oliver says.

Red lines suggest a bull flag
Blue lines was a trend line break with measured move target met
Pink is a 123 potential set up
Purple lines would be potential AB/CD pattern to an upside break above the bull flag

So right now it is very difficult to decide bull or bear.
Could go either way. Best to wait for a confirmation of a break below and close below point 1 to go short with a stop above point 2 if we are wrong.
OR
A break and close above point 2 to go long with a stop below point 3 or 1 if we are wrong.

https://www.tradingview.com/x/0dGRkNTC/

I have found half a dozen video's that suggest going back up especially by the Elliott wave count and the guy from Stock Market Cycles and you can obviously find many who are screaming down from here.

Eventually all are saying more downside, just not sure yet if this bounce is over.

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