You misunderstand what IQ is. A relative intelligence ranking. Not have it or not.
Very high IQ has been historically shown to be a hindrance rather than an advantage.
Average and above average is where it is at.
https://marktier.com/do-you-need-to-be-a-genius
3 touches is traditional use of trendlines. Markets often don't cooperate. Also trendlines are not a good word to call them since most never draw them capturing a trend - way away from the price trend but they did find some arbitrary points to connect. o_O
I use Tom DeMark's more common sense...
Stop with the ... you are being.
As I've said many times (I have to do that a lot with you) I don't own/hold/trade TSLA. But those that do have spoken. Every time Elon cuts prices which fanbois praise, margins are cut and then the stonk price is cut. Not rocket high finance science.
And like I...
I don't assume anything - I read what Wall Street says and sorry margins have been going down recently. Why else do I keep repeating it? Actually I don't know why I bother repeating it - to you.
There were at the top of the industry and may still be. But Wall Street doesn't buy top or best in...
Pivots - based on closing price, not spurious high/low wicks where dumb money traders got suckered into buying/selling.
BTW same on any timeframe, any market.
As I said previously, trendlines work when drawn properly.
Blue line not red one, late this afternoon on NQ:-
But even when drawn properly a distinction needs to be made between qualified and unqualified ones to enter. Or fade it.
Tesla discounts Model S by $30,000, and Model X by $41,000
All to unlock an EV subsidy Elon Musk wanted eliminated
https://www.autoblog.com/2023/09/01/tesla-discounts-model-s-by-30000-and-model-x-by-41000/
(Bloomberg)
Model 3
Tesla has unveiled the first refresh of the Model 3 sedan and has cut the price of its premium cars in the US and China, a push by Chief Executive Elon Musk to boost sales for the electric-vehicle maker. The cuts follow reductions in price that Tesla made last month. They...
Small vs large - wins vs losses - win percent vs loss percent, on a relative basis.
Greater win percent will have a smaller gain/loss percentage and vice versa.