Important Tesla Option levelsJoachim Prinz: "the most urgent, the most disgraceful, the most shameful and the most tragic problem is silence."
I believe Tesla will move toward its Max pain level (845) by the end of the week)
This information will help people who trade options!
You can see the most important support(green line) and resistance (red line) levels.
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
*You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!(Based on Option wall data)
**Yellow line Shows Maximum Pain level.
***You can see more details and educational materials by reviewing the previous posts!
Moshkelgosha
AMD important option dataJoachim Prinz: "the most urgent, the most disgraceful, the most shameful and the most tragic problem is silence."
Option wall: 120-115
Max pain: 120
I think AMD will finish the week between 115-120 ..!
Tip to trade option:
one strategy could be to buy calls when the price is below option walls and buy put when the price is above it and you are close to the expiration date..!
You can see the most important support(green line) and resistance (red line) levels.
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
*You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!(Based on Option wall data)
**Yellow line Shows Maximum Pain level.
***You can see more details and educational materials by reviewing the previous posts!
NASDAQ 100 Forcast Neutral to Bearish..!Joachim Prinz: "the most urgent, the most disgraceful, the most shameful and the most tragic problem is silence."
With this pivot high in the middle of a bearish channel, I expect a neutral to the bearish trend in the coming days..!
You can see the most important support(green line) and resistance (red line) levels.
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
The leader of all markets..!With a 40% gain YTD, oil is marching towards its all-time high at 140..!
I believe sanctions will be targeted Russia's oil and gas as well and we may see higher prices..!
do not short Oil or Natural gas unless you see peace in Ukraine..!
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
A review on my my Lucid analysis..!More than 50% decline in less than 3 months!
detecting the bullish breakout:
Detecting the Top:
And polishing short analysis:
And target reached:
Do not be fooled by those who promise to take you to the Moon..!
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Ethereum at the top of a bearish channel..!It seems we should wait for rejection..!
It will fluctuate between 2.3-3k for a while
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Wall Street Bets attacked Russian market..!Bitcoin could get rejected soon..!
I believe the recent surge in crypto could be because of Russians converting their Russian Ruble to crypto ..!
The U.S. Treasury Department’s sanctions cop, the Office of Foreign Assets Control, will likely go after crypto exchanges and other digital currency platforms that violate bans against transactions with blacklisted Russian banks such as the country’s two largest, VTB and Sberbank.
(WSJ)
Russian Ruble:
Moreover,
VanEck Russia ETF (RSX®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS®Russia Index (MVRSXTR), which includes publicly traded companies that are incorporated in Russia or that are incorporated outside of Russia but has at least 50% of their revenues/related assets in Russia.
RSX is under attack by WallStreetBets Apes, they push RSX to its historical low..!
Someone's calculations were 100% wrong, in the battlefield and other fields..!
War is the unfolding of miscalculations. (Barbara Tuchman)
Reference article:
www.wsj.com
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Do not down play Volatility..!What Is Volatility?
Oxford Dictionary:
Liability to change rapidly and unpredictably, especially for the worse.
Finance:
Volatility is the degree of variation of a trading price series over time, usually measured by the standard deviation of logarithmic returns.
Historic volatility : measures a time series of past market prices.
Volatility effects on assets:
Volatile assets are often considered riskier than less volatile assets because the price is expected to be less predictable.
Volatility effects on investors:
The wider the swings in an investment's price, the harder emotionally it is to not worry..!
How to handle the volatility???
Let's learn from legends
George Soros:
When a long-term trend loses its momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.
Jim Simons:
When market volatility surged, Renaissance’s system tended to automatically reduce positions and risk.
Question:
Are you smarter than Jim Simons?
If your answer and trading track record show, you are not, decrease your exposure to the market!
If your answer is Yes: You will be washed out from the market soon...
Reference Article:
www.investopedia.com
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
A review on my February 2022 trades..!What is more important than the trading results???
The strategy behind the trading/investment models..!
After doing lots of research, I decided to combine Warren Buffet, George Soros, and Jim Simons's strategies to build my own trading system.
So far I am happy with the results..!
Why?
Because I beat the market in the past 2 months by far..!
In a bullish market, everyone feels like they are the wolf of the streets, but when rainy days come they have no plan..!
Looking at markets, you see all major indexes are down between -6.27%-13.06% in 2022:
Now let's look at my results:
After a successful January with +6% (stock & options trading) in February 2022, you could make 4.8% if you had taken all the stocks and options trades I offered in February 2022.
*Details of the trades are marked on the charts..!
The significance of this will sine more if you are looking at the negative returns of S&P 500(-2.9%), Nasdaq 100(-4.94%), and Dow Jones(-3.05%) in the very same month!
This makes my compound profit of 11% in the past 2 months..!
If you have followed me for over a year you know this result is far away from the +61% in the first 7 weeks of 2021, but at that time market was very different..!
What is the logic behind my trading strategy in 2022:
The most important one: handling the Volatility in the right way: Decreasing number of trades..!
Jim Simons:
When market volatility surged, Renaissance’s system tended to automatically reduce positions and risk.
The second most important rule that helps in all markets: Win Big and lose small:
If you are looking at the win ratio of my trades it is 50%, but the amount I win in my winner trades is much bigger than my loser trades..!
George Soros:
It's not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong.
Finally:
Warren Buffett:
I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.”
Now you see why I publish fewer trading ideas in 2022..!
The goal is not to make lots of trades, the goal is to make money constantly and beat the market performance in the long term..!
** Consider combing this with my Crypto, Gold, and OIL ideas, the performance will become double or more..!
related articles:
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
A review on my SARK analysis published on February 14,2022About Tuttle Capital Short Innovation ETF
The investment seeks to provide investment results that are approximately the inverse of, before fees and expenses, the price and yield performance of the ARK Innovation ETF (the “ETF”). The fund is an actively managed exchange-traded fund that attempts to achieve the inverse (-1x) of the return of the ETF for a single day, not for any other period, by entering into a swap agreement on the ETF.
Entry: 42.5-45.5
Stop loss: close below 41
Reward/Risk: depends on entry and target
Target range: short term 53 midterm 63
Time Frame: 2-6 wks
Possible gain: 20-42%
Possible loss:10%
Position size: 5 % of trading capital
Feb 18:
Comment: Stop loss update to 48.60 (+10%) from entry(44)
Feb 18:
Comment: #SARK close at 50.95 +15.7% gain in 4 days(we will open at possibly lower prices)
Public version:
You can see the most important support(green line) and resistance (red line) levels.
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Nothing left to brag about..!In an interview with Bloomberg, the ARK Invest founder and CEO predicted that her flagship fund would generate 40% annual returns over the next five years, a big jump over her previous target of 15% to 20%.(Fortune)
Here I compare her 40% prediction with her previous prediction of 15% compound annual rate of return.
In the 40% scenario it will take 3 years to get back on the previous all time high, assuminng it start climbing up right now..!
In the 15% scenario it will take 7 years to get back on the previous all time high, assuminng it start climbing up right now..!
But we all know it is not finished yet..!
But
How long ARK investors will stay calm???
I do not think ARK invest could survive 2022..!
This is not the prediction of a random guy, this is the prediction of a man who see it is coming at least a year ago:
April 29th, 2021:
Title: Apocalypse of ARK invest
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Only impossible is impossible in the market..!A new trend in the market:
Stocks slip below their pre-pandemic prices easily in 2022..!
IF ARKK, Meta(FB), BABA, NFLX, SPOT, PYPL, SQ, ROKU, and many more companies are now trading below their pre-pandemic prices
It is very likely the same thing happen to tesla in the Future ..!
FB:
NFLX:
BABA:
ROKU:
PYPL:
Finally, based on Cathie Wood's research ARK investment will experience a 15% growth rate in the coming years, which means it will take
7.5 years to get back to the 169.7 all times high..!
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
The next 2-3 weeks forecast You can see the most important support(green line) and resistance (red line) levels.
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Dogecoin, a Dark Comedy by Elon MuskDogecoin was above 48 cents when I called it a Ponzi Scheme on May 21, 2021.
Doge was a joke promoted by Elon Musk to a 70 Billion dollar asset,
I think there is a high chance it will be below 1 cent in less than 2 years..!
I hope the will be investigations for all his cryptocurrency related activities on social media.
So far SEC did a great job on stock related issues:
The subpoena by the Securities and Exchange Commission (SEC) was issued on 16 November, some 10 days after Musk asked his Twitter followers if he should sell 10% of his stake in the company, triggering a stock selloff.(The Guardian)
I like Elon Musk bright side, while I believe his dark side could cause a chaos like you have not seen all your life..!
Best,
Moshkelgosha
Greater Fool Theory and BitcoinBitcoin has lost its charm..!
In this chart, you can see bitcoin performance is negative in all timeframes in the past trading year, except monthly return which soon will be red as well if bitcoin cross below 38K..!
*check the right upper corner performance chart..!
All of these happened, while Crypto.com, FTX Trading, and Coinbase were among the handful of cryptocurrency exchange companies who shelled out a reported $6.5 million for 30-second ad spots during Sunday's Super Bowl LVI with over 100 million viewers..!(Fortune)
In the past few months, Spike Lee, Matt Damon, and Neil Patrick Harris appeared in crypto commercials, yet it couldn't stop the downtrend..!
looking closer to the chart, you see only 82 days out of the past 365 days offered the opportunity to buy at lower prices compared to today's price!
Which means
All those who bought bitcoin in the other 283 days (77.5 %) have lost their money or did not realize the loss ..!
Greater Fool Theory
The greater fool theory states that you can make money from buying overvalued securities because there will usually be someone (i.e. a greater fool) who is willing to pay an even higher price.
Eventually, as the market runs out of fools left, prices will sell off.
Due diligence is recommended as a strategy to avoid becoming a greater fool yourself. (Investopedia)
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
The Worst possible Scenario for NASADQ 100.(18 months forecast)"In trading, you have to be defensive and aggressive at the same time. If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep the money."(Ray Dalio)
I believe everything you need to know about trading/investing is summarized in the above sentence!
Now let's see if the worst scenario is going to happen:
To evaluate this possibility we should look at Big tech companies trading below their pre-pandemic prices!
Meta(Facebook): 500 Billion dollars washed out which is equal to 70% of the total bitcoin market cap, and 1/3 total cryptocurrency market cap..!
BABA: 510 Billion dollars washed out which is equal to 70% of the total bitcoin market cap, and 1/3 total cryptocurrency market cap..!
Netflix: lost 50% of its value
or go back in history:
Bank of America during 2007-2008: lost 95% of its value in less than 27 months
Now let's evaluate the S&P 500 and look at the historical data:
Source of data: Investopedia:
The average length of a bear market is 349 days and the average loss is 36.34%
The bear market from 2007 to 2009 lasted 1.3 years and sent the S&P 500 down by 51.9%.
Between April 1947 and September 2021, there have been 14 bear markets, ranging in length from one month to 1.7 years, and in severity from a 51.9% drop in the S&P 500 to a decline of 20.6%, according to an analysis by First Trust Advisors based on data from Bloomberg.
So we have historical data, recent changes in the market behavior and we expect changes in the monetary policy (QT) that could cause a Bear Market.
Markets recovered—as they always have over time.
While so many fears of the bear market, do not forget, it creates the best opportunities to make money..!
Over the longest-possible term, bull markets have gone higher and lasted longer than bear markets.
The difference between a pro and amateurs:
"Amateurs think about how much money they can make. Professionals think about how much money they could lose."(Jack Schwager)
Finally, I would like to finish with:
“Hoping for the best, prepared for the worst, and unsurprised by anything in between.”( Maya Angelou)
A big question to answer:
Are you there and have enough free capital to buy the dip or you are cashless and fully invested like ARK invest???
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Dont Short ARK, Buy SARK..!I believe It would be better to Buy SARK instead of Shorting ARKK..!
Why?
Look at ARKK biggest bets:
TSLA:
COIN: ARKK average cost 284 USD/Share
HOOD: ARKK average cost 30 USD/Share
PLTR: ARKK average cost 24 USD/Share
RBLX: ARKK average cost 84 USD/Share
I don't know when they want to start their active management???
They just keep buying, the problem is they don't have any money and they just sell tesla and buy others..!
The difference between tesla and their other investments is, Teslaraties believe in Elon Musk and it is a religion for them..!
Looking at my post published on FEB 14th, 2022:
About Tuttle Capital Short Innovation ETF
The investment seeks to provide investment results that are approximately the inverse of, before fees and expenses, the price and yield performance of the ARK Innovation ETF (the “ETF”). The fund is an actively managed exchange-traded fund that attempts to achieve the inverse (-1x) of the return of the ETF for a single day, not for any other period, by entering into a swap agreement on the ETF.
Entry: 42.5-45.5
Stop loss: close below 41
Reward/Risk: depends on entry and target
Target range: short term 53 midterm 63
Time Frame: 2-6 wks
Possible gain: 20-42%
Possible loss:10%
Position size: 5 % of trading capital
You can see the most important support(green line) and resistance (red line) levels.
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Roblox on its ay to fill the Gap..!The previous analysis has reached its target and now we need to update the outlook!
I think RBLX is moving toward the 77-70 zone!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
What is Anchoring? a Behavioral Finance phenomenonIf you have an investment that has experienced a decrease in value significantly, and you decided to keep and sell at your entry price, please read this article it may help you to make a better decision.
Before we go to the main educational point, keep in mind those who bought tech stocks at the market peak in 2000-2001, waited 15 years to get even..!
Educational Point:
Anchoring
The concept is part of the field of behavioral finance, which studies how emotions and other extraneous factors influence economic choices.
In the context of investing, one consequence of anchoring is that market participants with an anchoring bias tend to hold investments that have lost value because they have anchored their fair value estimate to the original price rather than to fundamentals. As a result, market participants assume a greater risk by holding the investment in the hope the security will return to its purchase price. Market participants are often aware that their anchor is imperfect and attempt to make adjustments to reflect subsequent information and analysis. However, these adjustments often produce outcomes that reflect the bias of the original anchors.
Examples:
1-DASH:
2-FB:
3-CVNA:
4-CRWD:
5- ZM:
6- COIN:
7-SPOT:
8- NFLX:
9-PTON:
10- RNG:
these are just some examples of stocks that lost more than half of their value in the past few months or weeks..!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Reference article:
www.investopedia.com
Human vs MachinesChart patterns detection needs an extensive learning process and experience, no matter if you are a human or a machine!
Machine Learning Workflow:
There are five core tasks in the common ML workflow:
1. Get Data
2. Clean, Prepare & Manipulate Data
3. Train Model
4. Test Model
5. Improve
Since the chart patterns, beta version indicator has been released, I started working with it to find out how it works.
In the following examples, you will see the comparison between my pattern (left side) and platform pattern (right side)!
I activate the triangle, pennant, and wedge pattern indicator..!
1- Daily chart: machines did not detect anything:
2- 4 hours chart: machines did not detect anything:
3- 4 hour charts: I changed the regular time to extended hours!
Finally, the machine detects something..!
Educational point:
There are hundreds of thousands of indicators and oscillators out there, some work, some don't!
The question is:
Are you able to use them correctly and increase their performance???
Think about it..!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Human vs Machine, Elliott WaveThe goal of this article is to help the platform developers improve he final product..!
Chart pattern beta is a new feature on the indicator menu.
First let’s define what Beta version means:
Beta version is an early version of a program or application that contains most of the major features, but is not yet complete.
This is a very important key that needs users attention..!
In the above example you see two different setting for this indicator, Absolute vs Percent.
There are 3 cardinal rules that needs to be considered in Elliott wave analysis:
1: Wave 3 can NEVER be the shortest impulse wave.
2: Wave 2 can NEVER go beyond the start of Wave 1.
3: Wave 4 can NEVER cross in the same price area as Wave 1.
As you can see in percent mode the first and the most important rule is not met..!
Wave 3< 0.618 * wave 1
Wave 3< wave 5
So
This automated feature doesn’t count correctly and breaches the cardinal rule number 1.
Moreover
In the absolute mode you can see wave one is bigger than wave 3 and wave 5 , interesting, wave one is equal to wave 3+ wave 5, which can not be correct.
Usually, wave 3 or wave 5 is the longest or the most strong wave not the wave 1.
I strongly believe these problems and basic rules need to be corrected in the future versions.
Best,
Moshkelgosha
Coincidences or No Coincidences that’s the question???This is just my observation ..!
And
I invite the 30 million users to think about it..!
Between January 12 and February 2, 2022, I noticed these 3 articles (linked to the chart) were chosen as editor’s pick..!
As you can see ARKK’s performance in all time frames is severely negative in the past year ..! (Right upper corner)
I checked all the editors picks in that 3 weeks timeframe (January 12-February 2nd), and find ARKK and BTC with 3 editors pick in that timeframe hold the 1st rank..!
All three editors picked articles present long ideas about ARKK, and now you can see ark is trading blow the prices of the days these articles were published and picked..!
Another interesting observation is: these coincidences happened around ARK invest summit on January 25th..!
I would like to finish my observation with a quote from Anthony Horowitz:
(Anthony Horowitz - Author of Alex Rider, Foyle's War, Sherlock Holmes, James Bond, TV and film writer, occasional journalist.)
“So it's a coincidence. Just like you said. Two rich parents with two rich kids at the same school. They're both killed in accidents. Why are you so interested?"
"Because I don't like coincidence," Blunt replied. "In fact, I don't believe in coincidence. Where some
people see coincidence, I see conspiracy. That's my job.”
Best,
Moshkelgosha
DISCLAIMER
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