SSWH, hmmm...... interesting & QBID
Historically this type of action will retrace to their last high before moving out. I missed the boat on buying this one today as I wanted to see more volume between .0025 and .003. Now some may want to call me a basher, but I have never been that. One only needs to look at my favorite quotes to see that. I have a bid in @ .0026. I expect this to tap .0023 or .0028 on monday. Might open strong but there are a few prints missed in the mid .0020s.
Sorry to make these comments but I would rather post this stuff than to just go with the crowd and cheerlead. I have had enough of those types on stockhouse. The chart looks good. Nice move today and congrats to those who got in early, like before today...hahaahaha. Be on your toes tomorrow. We have a tall upper shadow which is never good in a candle in upward motion.
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QBID- Should have seen this coming but I bought @ .0042 anyway yesterday. Today we had, whether you all like it or not a dark cloud in candles world. Not only that, but a long lower shadow as well. No it was not a bullish hammer either as it was at the top a the run and not the bottom. Also, the volume was not there of course...., So, what does all this mean? It's going back down. How far I have not figured yet but you will be able to buy this lower tomorrow. I have seen this too many times. Going against the charts is always costly as I have found out. I sold @ 3:58 my position, reluctantly, but even buying it back @ .0036 will make me money. The weekly is great. the volumes great. Needs to break .0045 to be a runner otherwise, best to buy it lower or average down if you did not sell. So so sorry to post this but I told Dallas I would try to add to the forum. I know it is not good news but it is fact. If this candle does not show downside, then it will be one of the first I have seen fail in the candle world.
The MMs are very smart. they gave you no opportunity to sell at any profit if you bought yesterday and only tipped their hand late in the day when they failed to close it @ .0043. We could only know that in the last few minutes of trading. I only got .004 because I was not taking a chance but in hind site, I guess I could have sold @ .0041-or .0042 at the open tomorrow.
These are my views as a candle reader. I do not debate them nor are my TA's to trade by other than to study with. Do you own DD as well. I get nothing out of posting this except to share some of my knowledge with others as you all share your views with me. We try our best and sometimes it is still not good enough. With QBID, I am as hopped up about this one as most of you, but the candles never lie, and going against the charts is always a losing proposition. Happens every time. Everytime! Barring some surprise NR but that only delays the original trend if it was down.
Opinions welcome but no debates please. These are just my own views and as I mentioned I do what I say. I sold my entire positon @ .0002 loss today. I say what i do and do what I say... but no big deal! Tomorrow we will start again.
Respectfully
fourwinns ( of Stockhouse )
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