I thought I saw Idiot wave trader. 😄
Alibaba: At An Important Inflection Point
Allow me an ever so brief digression. There are many other analysis methods out there. Some use technical indicators. Others use candlesticks. There are books written about the meanings behind the formation of these. What we find lacking in that certain viewpoint is that much information is lost inside the stick. The formation of the move up or down contains pertinent price action that will tell the properly trained analyst what is more likely to happen next. How does it do this?The market is fractal in nature. It also displays self-similarity at all degrees of its structure. These forms will repeat at the smaller and then the larger time intervals. “How” a stock or an index arrives at a certain place on the chart will tell us what the probable path going forward will look like. How does this help us in the BABA chart?
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.
1
Report
Login to post
No comments yet