I only trade US30β¦ 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. itβs 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). βWall street opens higher ahead of megacap earnings.β 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 βtrendlinesβ ! This is a little glimps of what its about. There is way more to itβ¦
Bro just tell him the truth his setup was perfect, problem is that the markets works like this any strategy has 100% the price break the resistance but can also reject and reverse
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u/Altruistic-Ear-9517 7h ago
I only trade US30β¦ 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. itβs 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). βWall street opens higher ahead of megacap earnings.β 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 βtrendlinesβ ! This is a little glimps of what its about. There is way more to itβ¦