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PROPHET-of-PROFITS

11/15/19 1:11 PM

#53611 RE: crazySPYputbuyer #53610

you're correct individual candles hold little weight without looking at underlining indicators that will support or put in doubt candle patterns.

plenty of different ways from looking at the daily and intraday avg's like the 20dy & 50dy for support and resistance levels to one of my favorites which is the slow stochastic. one thing always like to follow is the overall trend and is it still intact.

mm's will play the game and go from high to lows but are these higher highs and higher lows what is the overall trend?

artr overall is doing well imo

GreekSeas0ning

11/15/19 1:18 PM

#53612 RE: crazySPYputbuyer #53610

Let me explain

Candlestick patterns DON'T matter on OTC custodianship plays for a variety of reasons including unknown information and
filings. Most OTC trading due to the usage of Market Makers and a large portion of OTC being alt reporting or dark cannot be understood simply based on charts.

Chart technicals CAN be helpful on OTC stock only when the buying volume is fast and large enough to prevent ML shorting or lower base covering.

Candlesticks can be helpful on other bursars with fully reporting companies with fully accounted for share structures and still there are major caveats there.

Chart technicals like candlesticks are not a good indicator or reliable as a tool for future price action especially on OTC land and even more for OTC custodianships.

Being humble and learning how OTC works may save you from sounding a bit vague and amatuer'ish regarding trading that is. I thank you for your patience on the board and look forward to your comments in the future or questions.

Good luck to you moving forward.