AASTER 20% up in price since yesterday's bullish BAT harmonic pattern reversal. Once again, it's worked like a charm.
These harmonic patterns tend to be more reliable that FALLING WEDGES for reversals, and I think this is because they are much more tricky for the retail to spot and decode.
They appear out of nowhere and good luck trying to detect these patterns.
Also, out of all the other harmonics, the BATS are the best for V-shape reversals, I won't go into too much detail as to why, it is what it is, plenty of educational resources around, free and paid.
I'm kicking myself for missing this rally after missing the very bottom entry by a cent, still, my SPOT position in AASTER is still under water (pre-collapse purchases).
Also a STRONG BUY signal flashed on my chart last night around $2.15. Normally these signals work 85-90% of the time, this time I won't take any more risk in this asset, portfolio too-ASTER-heavy already, but also a lot of resistances immediately above.
The GOLDEN POCKET works as a hard resistance level, that falling 50-MA too, and I just don't like these VOLUME bars getting smaller.
Weekend rallies don't usually end incredibly well, they lack volumes (crucial confirmation), so there is that, too.
No rush into new positions, that's the DEFENSIVE mode I have been talking about since the market collapse last week.
Boring, strictly technical, zero chasing, lots of missed entries. This is a reality of trading, when markets are on the brink of BULL/BEAR, capital protection is so KEY.
👽💙
These harmonic patterns tend to be more reliable that FALLING WEDGES for reversals, and I think this is because they are much more tricky for the retail to spot and decode.
They appear out of nowhere and good luck trying to detect these patterns.
Also, out of all the other harmonics, the BATS are the best for V-shape reversals, I won't go into too much detail as to why, it is what it is, plenty of educational resources around, free and paid.
I'm kicking myself for missing this rally after missing the very bottom entry by a cent, still, my SPOT position in AASTER is still under water (pre-collapse purchases).
Also a STRONG BUY signal flashed on my chart last night around $2.15. Normally these signals work 85-90% of the time, this time I won't take any more risk in this asset, portfolio too-ASTER-heavy already, but also a lot of resistances immediately above.
The GOLDEN POCKET works as a hard resistance level, that falling 50-MA too, and I just don't like these VOLUME bars getting smaller.
Weekend rallies don't usually end incredibly well, they lack volumes (crucial confirmation), so there is that, too.
No rush into new positions, that's the DEFENSIVE mode I have been talking about since the market collapse last week.
Boring, strictly technical, zero chasing, lots of missed entries. This is a reality of trading, when markets are on the brink of BULL/BEAR, capital protection is so KEY.
👽💙
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.