The carnage is gaining causation. Meme Stonk of the Jungle is beginning the next move lower. 80% Wholly owned by Retail Apes, Chimps, and Monkeys. "Stick it to the Man" ___________________________________________________ Yeah, naw, that is not a Plan.
Chimps in charge tout - "Bruh, I bought at $5.16" Congrats Ape. One Problem, you forgot to sell 52, watching almost 1/2 your gains evaporate rather quickly. Can't applaud that, no. Herd-ish behaviors are generally a bad idea, you know... like a Ponzi or Pyramid where the base gets its Palm Frons fanned over the Flames of a jungle Napalmed into...
Apes are celebrating as they should. Up hundreds of percent since January. The 4M HODLers of AMC are an interesting group, believing their own BS. It remains Wall Street mind control of a magnitude unseen in Investing History. We are going to build the SELL into 52s looking for the Chimps to HODL further and swallow the SEC Dark Pool investigations... Short...
I see a sell setup for GBPJPY coming in good. I am waiting for the H4 candle to break through my demand TD line and give confirmation of the continuation to the downside!
Price did not develop as per our preferred path during last week and broke through the downside of our ascending price channel. This makes us feel less comfortable although the critical supportive level of 450 remains intact for now. However, with the price making a move down last week we will only start feeling more comfortable if price breaks the 480 level and...