Trend has been up for 5 years straight. Of course it's going to look that way. The point here is looking past the curtain.
Trend has been up for 5 years straight. Of course it's going to look that way. The point here is looking past the curtain.
FALSEOn a MT basis, Apple shows an interesting pattern, mix of triple top and H&S. Nice declining RSI. (cf graph).
Monthly trend continues up, Daily trend had obvious downside reversal 4/27. Depends on ones time frame. Some here do not understand technical analysis and don't realize that no one is trying to predict the next bar--just the general direction of future movements. Doesn't matter anyway though whether long or short is correct--the essence of successful trading and money making is prudent risk management. That's the only true edge in this game. Fools abound.To each his own, yet banking on trend continuation after a pullback carries higher probability IMO.
Doesn't matter anyway though whether long or short is correct--the essence of successful trading and money making is prudent risk management. That's the only true edge in this game. Fools abound.
Exactly-- the hard right side of the chart. No matter how much the TA folks say they can call what will happen there-- they can't. surf
+1Trend has been up for 5 years straight. Of course it's going to look that way. The point here is looking past the curtain.