Saturday, November 11, 2023 11:12:06 PM
If charts worked they would work in a horrible OTC market
Well what about the Nasdaq? or the NYSE? the AMX? clearly spoken by someone that doesn't understand the charting process, and most probably doesn't care, sadly as with many others firmly I believe that if we all got into reading charts there wouldn't be as many losers ever in the markets, but we can't get people to believe how important charts really are. ... they aren't meant to project the future to the fullest, just a potential long or short term move forward or backwards by the last indicator,overlay or candlestick hence the phrase "wait for confirmation then precede with caution".
None have made money since in the OTC except the last month or so when the OTC has warmed up.
Well thank you for inadvertently making my previous point listed, charts have certain indicators overlays patterns and movements that help a trader decline or approve on this and all the others chart plays particularly plays of profit,when the indicators and overlays don't warrant a buy the big money stays silent.
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