The more their bots shake you out, the more I buy.
This is about to come out of this range with a fury.
Gotta have patience!
And strong hands!
I like the 78 min ChART. It's one of my favs.
Why?
Even candles. The only even higher time frame intraday is 30 min. Which is noisy.
There are 78 - 5 min candles. And 5 - 78 minute candles a day.
The one hour is actually 6 and a half candles.
Anywho... The 78 Min timeframe smooths out the price action intraday.
LOOK AT THE BULLISH DIVERGENCE!!!
You do NOTHING to make money in the stock market! Your few shares don't make price increase.
ALL YOU CAN DO IS CONTROL THE DOWNSIDE.
This is why from my perspective buying bottoms is the only way I sit comfy for the whole move.
I can't stand trend following. Because it never fails that the dip keeps dipping.
Yes catching bottoms can be testy on your psyche and hard on you mentally.
But as long as you are investing in a sound business. That is undervalued and the pattern is printing very little risk for high rewards. You dig your feet in. You have conviction. You sit on your hands and do nothing.
Positional trading is the only true way to make life changing money.
This ChART is presenting that very opportunity.
Sit back and relax and enjoy the show.
It's a LONG WAY TO THE TOP IF YOU WANNA ROCK AND ROLL!