Yes you are right CELZ is fine...but some people do not know how to react to a bearish move on a bullish chart...it is healthy for the chart and healthy for those that take the time to learn the nuances of what the candles reflect on those charts...Candles are a guide for day to day movement and give warnings on potential buy and sell ranges on a daily basis...other indicators are for longer term reads...so while CELZ is bullish the candles show the retrace areas where trades should be made but if one is strictly long then forget about the day to day candles and throw money out the window...I can be long but still trade based on the candles from 01 to 10 and end up with 10 times the profit then a person that buys at 01 and sells at .10...There is nothing wrong with doing that and I understand that very well but if you buy at 01 and sell at .024 and buy back at 015 and sell at .035 and so on till .10 how much more are you making then if you buy at .01 and sell at .10 and how many more shares will you have without any more money out of you pocket...I do not tell a single person how to trade or when to trade or trade at all...I put forth chart information...some tell me thank you and some tell me to fk...oof...very nicely...
I posted this chart at 0102 based on a One White Soldier Pattern and it ran to 028...Then I posted a Bearish Deliberation Block at 0242 and it sits here at 0212 after hitting a low of 0202...As you can see it landed right on the 8ma support if that does not hold then the 20ma is the next line of support...and should it hit that support it will trigger the Psar to flip to a sell signal and this starts to consolidate in the 015 range between the 20 and 34 ma...Will this happen I have no idea..charts are not a definitive science but a guideline to the possibilities...being a student of that science can be the difference between profitable trades and losing trades...even with many winning trades there will be tons of money left on the table...
Traders can yell about Clay and yell about some stupid charts and yell about some stupid news that never happened and yell about some stupid ceo...All that does is diminish ones focus from where it should be and that is on the trade and that profitable trade comes from understanding and using the available tools...I am a chart trader...That is my tool...My trades live and die by those charts and when the day comes that a person can give me a more reliable indicator I will be happy to listen...but I have been trading for over 40 years and those charts have made me very wealthy and if I can share that knowledge with others and they can profit from it then my day is a success...
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