W‌hy I don't like this chart p

2023-04-06

W‌hy I don't like this chart pattern for $Microsoft(MSFT)$ ‌?

Forget about the AI. Forget all the noises and let's just purely look at price action. I don't like what I see. Doji followed by a Bearish Engulfing. Especially when price has been rallying before that. Why?

Because it can be a signal for reversal. Whether it's a big reversal like the one in Aug 2022 or a "small" reversal like Dec 2022, I have no idea. But I know I definitely won't go long at this point.

Good luck traders. Cheers. Happy Holidays in advance!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

ThunderPat
2023-04-09
ThunderPat
Great observation. Thank for sharing
psk
2023-04-10
psk
thanks for sharing
CYau
2023-04-12
CYau
Like
Michaaeel
2023-04-10
Michaaeel
👍
Bons
2023-04-10
Bons
ok
BenGI
2023-04-10
BenGI
cool

Leave a comment

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Forget all the noises and let's just purely look at price action. I don't like what I see. Doji followed by a Bearish Engulfing. Especially when price has been rallying before that. Why?&nbsp;\n \nBecause it can be a signal for reversal. Whether it's a big reversal like the one in Aug 2022 or a \"small\" reversal like Dec 2022, I have no idea. But I know I definitely won't go long at this point.&nbsp;\n \nGood luck traders. Cheers. Happy Holidays in advance!</body></html>","htmlText":"<html><head></head><body>W‌hy I don't like this chart pattern for&nbsp;<a href=\"https://laohu8.com/S/MSFT\">$Microsoft(MSFT)$ &nbsp;</a>‌?\n \n<img src=\"https://community-static.tradeup.com/news/3d22222afc8335c1a8a92ee501a78d9a\" tg-width=\"200\" tg-height=\"200\"><img> \n \nForget about the AI. Forget all the noises and let's just purely look at price action. I don't like what I see. Doji followed by a Bearish Engulfing. Especially when price has been rallying before that. Why?&nbsp;\n \nBecause it can be a signal for reversal. Whether it's a big reversal like the one in Aug 2022 or a \"small\" reversal like Dec 2022, I have no idea. But I know I definitely won't go long at this point.&nbsp;\n \nGood luck traders. Cheers. Happy Holidays in advance!</body></html>","text":"W‌hy I don't like this chart pattern for $Microsoft(MSFT)$ ‌? Forget about the AI. Forget all the noises and let's just purely look at price action. I don't like what I see. Doji followed by a Bearish Engulfing. Especially when price has been rallying before that. Why? Because it can be a signal for reversal. Whether it's a big reversal like the one in Aug 2022 or a \"small\" reversal like Dec 2022, I have no idea. But I know I definitely won't go long at this point. Good luck traders. Cheers. Happy Holidays in advance!","highlighted":2,"essential":1,"paper":1,"likeSize":16,"commentSize":17,"repostSize":2,"favoriteSize":0,"link":"https://ttm.financial/post/9948428475","repostId":0,"isVote":1,"tweetType":1,"viewCount":486,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["MSFT"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":428,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":106258994,"gmtCreate":1681052736976,"gmtModify":1681052740569,"authorId":4094290551126310,"author":{"id":4094290551126310,"authorId":4094290551126310,"name":"ThunderPat","avatar":"https://static.tigerbbs.com/27ae321aaa87241102a9ecad3a243f74","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9948428475,"type":1,"supId":0,"prevId":0,"content":"Great observation. Thank for sharing","text":"Great observation. Thank for sharing","html":"Great observation. 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