We're crashing. It's just there on the chart.
Bear flags upon bear flags including right now. TTC Squeeze on the 4h and 3h towards the pre-existing downward trend.
We're bouncing around a major support/resistance which we already broke in a bear flag. This looks grim. I would not want to chance a long position anywhere around here without some kind of clear confirmed pattern break. I'd want to sit and wait right now if I wanted to be long overall.
I'm an amateur and you should definitely not take any of this as financial advice. I'd appreciate any feedback.
I'm seriously not anything close to a financial advisor and I'm definitely not giving financial advice. That said... just... why? Why would you be in long right now? Why wouldn't you wait for a bullish break? You could set buy orders anywhere you think would contradict this chart. Why wouldn't you do that? Why wouldn't that be the smart strategy, taking a bunch of risk off the table at a relatively small cost if this chart is wrong?
I'm honestly curious. I'm trying to learn. Have I missed something significant?
We're bouncing around a major support/resistance which we already broke in a bear flag. This looks grim. I would not want to chance a long position anywhere around here without some kind of clear confirmed pattern break. I'd want to sit and wait right now if I wanted to be long overall.
I'm an amateur and you should definitely not take any of this as financial advice. I'd appreciate any feedback.
I'm seriously not anything close to a financial advisor and I'm definitely not giving financial advice. That said... just... why? Why would you be in long right now? Why wouldn't you wait for a bullish break? You could set buy orders anywhere you think would contradict this chart. Why wouldn't you do that? Why wouldn't that be the smart strategy, taking a bunch of risk off the table at a relatively small cost if this chart is wrong?
I'm honestly curious. I'm trying to learn. Have I missed something significant?
Note
We look exactly like the 2014 crash pattern. We have for 3 months. If you're long, honestly, please tell me why it doesn't make the most sense to get out now with a stop-loss if it goes back up a few hundred points?Note
Also note that the squeeze on the 4h - that's the candle that broke and finished below the Fib line. TTC Squeeze is in my understanding agnostic about the direction of the oncoming squeeze before it happens, and the real value is supposed to be in getting on whichever way it breaks on that first tic, but here we're several candles in. We can presumably say we know which way it broke, and it broke downwards, through a freakin' 3-year long Fib resistance line.
My volatility-based indicators are available for sale at SharkCharts.live
Feel free to reach out to me with any questions; more information is available on the SharkCharts website and the SharkCharts discord discord.gg/YVpTeSK
Feel free to reach out to me with any questions; more information is available on the SharkCharts website and the SharkCharts discord discord.gg/YVpTeSK
My volatility-based indicators are available for sale at SharkCharts.live
Feel free to reach out to me with any questions; more information is available on the SharkCharts website and the SharkCharts discord discord.gg/YVpTeSK
Feel free to reach out to me with any questions; more information is available on the SharkCharts website and the SharkCharts discord discord.gg/YVpTeSK
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