The Investment Thread
https://www.investopedia.com/articles/technical/111401.asp
The theory is also somewhat of a self fulfilling prophecy because so many use it for technical trading. This is why I was saying that I thought the market was about to change and sold my long positions. SP was on a huge pivot point with two key areas of resistance just above the pivot level. Lots of technical headwinds.
I may have looked smart with the call but the positions I sold are actually up today (AAL).
This is what you are looking for. It holds the pattern over time much better than Wyckoff which tends to show up in shorter periods (hours to a week) since manipulation can only be maintained over short periods.Composite Man doing his thing with AMC these past few days....
Our stock market is so damn rigged; it's all just one big algorithm. :ROFLMAO:
https://www.investopedia.com/articles/technical/111401.asp
The theory is also somewhat of a self fulfilling prophecy because so many use it for technical trading. This is why I was saying that I thought the market was about to change and sold my long positions. SP was on a huge pivot point with two key areas of resistance just above the pivot level. Lots of technical headwinds.
I may have looked smart with the call but the positions I sold are actually up today (AAL).