Friday, December 13, 2019

Obvious rule missed (Tesla sale)

2 post ago I wrote about selling Tesla due to a bearish pin
I missed out on one important point
that goes together with the candle stick action
which is the overall trend have to be bearish

the logic that was widely used is that when it is a bearish trend (SMA 200)
when the price rises back to a resistant zone
and bearish pin appears
then it is a signal to sell

but nevertheless, it may not be so bad
that I liquidate more profits during this bullish period

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