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Re: Bubae post# 10818

Saturday, 01/27/2024 11:56:48 PM

Saturday, January 27, 2024 11:56:48 PM

Post# of 13905
...speculative fervor is your friend at the beginning of any bearish reversal like BEGI had a few months back, on top of that whenever a chart goes sideways at a bottom for an extended period of time, that creates a bullish opportunity called a coiled spring which you love to have on LT support. Its the perfect technical foundation for a bearish reversal which is exactly what happened to BEGI and ran 1000%. No one needs to know the
reason why. But when you have multiple white candlesticks up, and a large inverted red hammer following with a small gain or loss...there is the bullish reversal warning. By the way the coiled spring was in a book I read back in the 80's that had been written
in the 40's by a well known roaring 20's investor. I always look for that in conjunction with a low float as possible and good volume to weed out low probability trades, although the low volume is no problem if whales are loading the coiled spring and aren't trying to gain attention. Charts n' Cheers
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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