In this video I start off by talking about some XLM price action at the small degree.
After that I head over to the Dow Jones chart and talk about the current mild correction and the main structure.
I also touch on the Bitcoin chart and make comparisons between the two and theorize on the potential reason behind these pullbacks.
In a nut shell resistance becomes support especially when there is a breakout after a correction completes.
No one entity controls the markets, the waves are the sum total of the collective behavior of all market participants.
Who doesn't love a good conspiracy theory but just remember none of it makes a difference to what the waves will do.
Afterall, human behavior is still human behavior no matter how you look at it and humans are very predictable over the long term.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
After that I head over to the Dow Jones chart and talk about the current mild correction and the main structure.
I also touch on the Bitcoin chart and make comparisons between the two and theorize on the potential reason behind these pullbacks.
In a nut shell resistance becomes support especially when there is a breakout after a correction completes.
No one entity controls the markets, the waves are the sum total of the collective behavior of all market participants.
Who doesn't love a good conspiracy theory but just remember none of it makes a difference to what the waves will do.
Afterall, human behavior is still human behavior no matter how you look at it and humans are very predictable over the long term.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
