Classic Double Top on Nasdaq

the_prince · Nov 10, 2020

classic double top on the Naz and a classic reversal yesterday. Also a classic negative divergence on the RSI .
the naz has much further downside.

Feest · Nov 10, 2020

Does this mean the stock market has peaked?

the_prince · Nov 10, 2020

Yes, I believe it does. for now.

Pekelo · Nov 10, 2020

At what time frame you see double top? I assume the hourly chart?

stockpredictor · Nov 10, 2020

Positions or ban

the_prince · Nov 10, 2020

the daily chart.

stockpredictor · Nov 10, 2020

the_prince said:
the daily chart.

I mean your position. Shorting after a big move will lose you money and calling a double top is hindsight bias.

Nobert · Nov 10, 2020

stockpredictor said:
ban

Maybe in some other degenerate community, but not in here.

stockpredictor · Nov 10, 2020

This community is the most profitable one I've ever seen. No one ever loses any trades, ever.

Nobert · Nov 10, 2020

stockpredictor said:
This community is the most profitable one I've ever seen. No one ever loses any trades, ever.

https://www.elitetrader.com/et/threads/taking-76k-to-500k-by-year-end.87977/

But even if it was true, that which you wrote above, even then, it would be wrong to ban, just for that.