I have been bearish since Feb 7, 2022, with a long-term price target of the pre-Corona high, as evidenced in the attached chart "Sound of bubbles bursting" Feb 18.
I have been using 3 month dated Near the Money Puts on the QQQ.
But what I wanted to share was the use of Gann and the excellent Candlestick recognition in TradingView.
I was looking at tripling down on my Put activity today and performing all kinds of analysis. But what caught my eye was the excellent Gann Box tool. I studied Gann as part of my IFTA Certified Financial Technician exams but was not a big believer.
But see the GANN plot on this chart, wow does it fit perfectly?
See how the boxes and fans correlate with the bear market waves, both pullbacks and bear market rallies.
It also matches well with my Dec 30 put targets.
Also, I want to congratulate the TV team on their Candlestick recognition; it is a great time saver. I also love how it updates in real-time on a 1-minute chart.
Well, that's it from me; suffice it to say:
We are in a bear market.
Until there is complete capitulation, and all the good economic news turns bad, we will stay in a bear market.
My next price target is the Pre-pandemic high.
If you like this, like and follow for further market updates.
Best of luck
Barry
I have been using 3 month dated Near the Money Puts on the QQQ.
But what I wanted to share was the use of Gann and the excellent Candlestick recognition in TradingView.
I was looking at tripling down on my Put activity today and performing all kinds of analysis. But what caught my eye was the excellent Gann Box tool. I studied Gann as part of my IFTA Certified Financial Technician exams but was not a big believer.
But see the GANN plot on this chart, wow does it fit perfectly?
See how the boxes and fans correlate with the bear market waves, both pullbacks and bear market rallies.
It also matches well with my Dec 30 put targets.
Also, I want to congratulate the TV team on their Candlestick recognition; it is a great time saver. I also love how it updates in real-time on a 1-minute chart.
Well, that's it from me; suffice it to say:
We are in a bear market.
Until there is complete capitulation, and all the good economic news turns bad, we will stay in a bear market.
My next price target is the Pre-pandemic high.
If you like this, like and follow for further market updates.
Best of luck
Barry
Nota
This analysis is still going to plan, and I am very pleased with it.
Barry D. Moore, CFTe Financial Technician
liberatedstocktrader.com
Join 62,500 Liberated Stock Traders:
liberatedstocktrader.com/newsletter-tradingview
liberatedstocktrader.com
Join 62,500 Liberated Stock Traders:
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Barry D. Moore, CFTe Financial Technician
liberatedstocktrader.com
Join 62,500 Liberated Stock Traders:
liberatedstocktrader.com/newsletter-tradingview
liberatedstocktrader.com
Join 62,500 Liberated Stock Traders:
liberatedstocktrader.com/newsletter-tradingview
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.