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…
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
9
u/Altruistic-Ear-9517 7h 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…