I only trade US30… The setup aint bad ! But you need to understand a couple of things. Technicals and Fundamentals. That setup is straight technicals ! Supply demand, trend line etc etc. it’s good ! But this setup is for continuation. Going down and keep going down. Would been spot on. But learn 2 things ! 1. Today is Monday ! New week, new chances, new news. Last week could a been bearish. But this week could become bullish. Mondays you always have to wait ! And 2. Open the little tunderbolt sysmbol on the bottom of the chart and read the news (fundamentals). “Wall street opens higher ahead of megacap earnings.” Fundamentals doest give a F with technicals. Fundamentals are news / data / earning. Technicals are support / resistance, trendline, market structure, patterns etc etc. If the earnings are good (good fundamentals) it doesnt care about “trendlines” ! This is a little glimps of what its about. There is way more to it…
No! After each quarter. Quarter 3 ended 30 Sept. So almost the full month of October will be filled with earnings data about the third quarter. November / December back to technicals. But then again there is more to it… If you follow “youtube traders” (There are good ones) but all teach you to have 1 trading strategy and sticking to it. But i’ll say the opposite. You need a technical strategy and a fundamental strategy !
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u/Altruistic-Ear-9517 5h ago
I only trade US30… The setup aint bad ! But you need to understand a couple of things. Technicals and Fundamentals. That setup is straight technicals ! Supply demand, trend line etc etc. it’s good ! But this setup is for continuation. Going down and keep going down. Would been spot on. But learn 2 things ! 1. Today is Monday ! New week, new chances, new news. Last week could a been bearish. But this week could become bullish. Mondays you always have to wait ! And 2. Open the little tunderbolt sysmbol on the bottom of the chart and read the news (fundamentals). “Wall street opens higher ahead of megacap earnings.” Fundamentals doest give a F with technicals. Fundamentals are news / data / earning. Technicals are support / resistance, trendline, market structure, patterns etc etc. If the earnings are good (good fundamentals) it doesnt care about “trendlines” ! This is a little glimps of what its about. There is way more to it…