RE:RE:RE:Chart analysis on the bearish sideMA: This might be a naive question but do you know if it is possible to "invest" with "Big Money" that uses alogrithm trading? As the big money always wins, we might as well let them trade on our behalf to ensure "profit".
Thank you.
MartialArts wrote: Yes, on WEED, the numbers of $16.59 and $21.80 as the target buy prices. Here is the chart:
And note the short term spike was predicted perfectly! This is the type of chart that almost look magical but it's all based on sound TA principles called "fibonacci retracement" which is measurement of extreme points.
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In technical analysis, Fibonacci retracement is created by taking two extreme points (usually a major peak and trough) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%." Keep in mind fib retracements is just one of many TA indicators but one that has a strong following.
One needs to remember that big money uses "algorithms" to trade and "algos" use technical analysis as their inputs. No emotions, no human influence. 100% math.