Can somone please help me analyze this graph!
Hello,
Thank you so much for your time and assistance. I have been trying to analyze the graph below. At first, it looked like a cup and a handle but I am not sure at this point. You insight is highly appreciated!
@haejin @Chrislo2004 @jojof @zong @ztl-85 @mrprofessor @Jak00b @ptimmer @fred123 @tumtum01
one man's humble opinion, but its niether, technical analysis like that is BS. TA in general is almost complete puffery.
dirty little secret incoming:
there's really only two types of trading 1) momentum and 2) mean reversion
momentum basically boils down to if stuff has gone up, it will continue to go up, and visa versa
mean reversion says if stuff has gone up alot, it will go down, and visa versa
there's a myriad of info on both styles in a quick google search, but this article talks about both styles:
https://alphaarchitect.com/2017/08/30/short-term-momentum-and-long-term-reversals-can-coexist/
@skinnycat its depend what dou you want.... short or long time ?
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