Reigncane

Reigncane

As of now, this is a normal correction and I'm up 14%, riding the inverse (SQQQ) The optimal long entry, considering a good risk/reward ratio, is yet to come. #patience I will be closing my 'short' on TQQQ and entering long in my Buy Box. Buying in 33% of my intended position at a time as it enters the box, finishes consolidating and breaks out upward. Happy hunting.

Reigncane

Waiting for consolidation at the bottom. Could take 4-6 months.

Reigncane

Consolidating at the bottom. Top trend resistance line at same angle as before (see chart) I do not believe in this company and I do not think this is a good long hold, I do think it is a great swing trade set up with good risk to reward ratio. I bought in too early, but it looks like we will get our turn around shortly. Next breaking news release will push...

Reigncane

As ETH and NFTs continue to draw excitement in...I couldn't care less, but the charts are saying that I should care...at least temporarily. We have a bullish wedge forming and looking like its breaking out soon.

Reigncane

Chart has spoken.

Reigncane

It's been a strong growth trend, but recent break in the support line. Bought in, but waiting for it to cross $1.64 for a large move up. Also, waiting for another press release for more hype!!! 📈

Reigncane

I think it is going down, but according to the elliot triangle we are going up...? I'm excited to see how this plays out...either way I think we are looking at a sideways 12 months ahead.

Reigncane

Anyone think the housing market is going to dip in the coming 12 months? This chart has me a little worried. Things in California closed down again with no estimated re-open date. Are we getting any gov bailouts this time around? If not, things might get tight for some people. Still I do not personally know anyone that is really struggling for all of the...

Reigncane

Stable - A word of the past. I am strictly a pattern trader and for the last few years I personally have always done best recognizing when things goes south. This probably has to do with the emotional sell-offs leading to more accurate patterns. It is scary how perfectly this current DJIA chart matches the bear market of 2000 - 2003. If you take a look at DJIA...

Reigncane

Has the potential to be a winner, but the whole cannabis market's hype has died. All the cannabis bull riders are looking for the next wave and this could be it with Dan's fame...

Reigncane

Support and resistance lines. I think that if interest rates go up in 2019 we will see a slow proceeding drop of the Dow.

Reigncane

On the chart.

Reigncane Updated 

patients.

Reigncane

Notes on the chart. Patient trading is successful trading. Decide on entry and exit points before you put your hard earned money to work.

Reigncane

Looking to buy on this next bottom. (Thick bottom line) The trend is your friend until the end when it begins to bend.

Reigncane

Have been finding it very helpful to write notes on the charts as a way to stop any impulsive decisions. VERY HELPFUL.

Reigncane

I'm personally finding it very helpful to write myself notes on charts when the market is closed so that when it is open and things begin to get emotional...I have it staring me in the face!

Reigncane

Leveling off and preparing to finish the year strong? I think so. But it isn't about being right or wrong. It is about making a decision and knowing where you are going to get out before you take your position. NYSE:GE