ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: Qone0 who wrote (83436)	1/11/2024 11:11:46 AM
From: Sun Tzu	Read Replies (4) of 97642

To illustrate the importance of timeframe, let's look at the 2hr TSLA chart (which is what I am actively trading now). I already posted the 30 minute chart showing the long/short entries. But now I'm showing you the 2hr chart. Long straight stretches of colored lines are support/resistance levels which some may call points of control. Read the chart from left to right. I've put dashed lines on previous identified significant levels. See how often the stock reverses direction once it hits these points? The tricky one is the 2nd from the bottom which is ~215. Here's I'm considering the average of the little blue and the little green to add up to a single level. It doesn't always work that way, but I think we have enough material for this one. The other ones are just plain extensions of red/green lines. In particular, the recent top is almost exactly where it was predicted to be. Keep in mind that we are talking about the probabilities, not the laws of nature.

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