Most people are wrong. Except when they aren't.
I like to watch out for high volume candles on larger TFs as a sign of reversals. Reason being that most people are just wrong - they buy or sell too late.
I've highlighted some obvious examples on the chart. As always, it's not a guarantee and I've highlighted where this strategy failed - the first candle that got us over $100.
Though I think this is stock is grossly overrated there's no way I'd short this. I can easily see this crashing down tomorrow or going to $1500 within weeks. Seems as though it's in the "new paradigm" phase so it's anyone's guess when this reverses (for a bit?). I have a feeling that the reveal of Q1 earnings (or even just the estimates) might be a wake up call though.
I've highlighted some obvious examples on the chart. As always, it's not a guarantee and I've highlighted where this strategy failed - the first candle that got us over $100.
Though I think this is stock is grossly overrated there's no way I'd short this. I can easily see this crashing down tomorrow or going to $1500 within weeks. Seems as though it's in the "new paradigm" phase so it's anyone's guess when this reverses (for a bit?). I have a feeling that the reveal of Q1 earnings (or even just the estimates) might be a wake up call though.
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.