MicroSectors FANG Index 3X Leveraged ETNs due January 8, 2038Arca
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This one is dedicated to all the nonbelievers -- anyone who might doubt the influence of the moon on our everyday psychology and our everyday lives. Anyone who might not see the utility of basic observation and pattern recognition of 'natural cycles' like moonphase.
Now some may ask why might tracking the moon work? Well, if you are a patron of mine I have written a brief summary of and also sent out the verbatim pdf that the FED published on how 'otherworldly' events can influence the markets by way of mass psychology.
This chart may serve as an example. As we approach the full moon humankind's sleep quality will decrease and stress levels will increase. As people's fear and stress rises, there presents a buying opportunity at the peak of fear and potentially oversold levels ... the full moon! As the new moon approaches humankind's sleep quality increases and stress levels decrease. As people's fear and stress fall, there presents a selling opportunity at the height of confidence and potentially overbought levels... the new moon!
I present to you: FNGU a 3x leveraged fund that tracks the daily movement of the FANG stocks; because this is A) a 3x leveraged 'bull' fund and B) related to some very popular stocks for daytraders (FB, NFLX, AMZN, GOOGL), we can more easily catch upside moves related to exploiting these daytraders at their peak fear levels and then selling back to them when they are at their peak of confidence.
This chart may serve as an example of the use and abuse of mass psychology as it relates to moon cycles, but there is more to this chart than moon cycles alone:
As we can see the current price is between the TS and KS of the ichimoku system. Finding prices between these levels can sometimes be considered a 'value area'. Some other potentially long bias signals are the fact that we may be able to catch the 5th and final wave of the Elliot wave count presented here. We also see that a 'clone' level of the X-C-D modified schiff pitchfork has been respected as support so far. The last long bias signal I will mention is the Japanese candlestick pattern that has appeared: a bullish harami.
I am proposing a trade that has ~13% downside risk with upside gain potential of ~50%; allowing for ~3.5 dollars of profit to be gained for every ~1 dollar risked (3.5:1)
Manage your own risk
GL HF
xoxo
Snoop
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full moon fear is up; don't be too scared... we manage our risk for a reason!
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new moon today but venus trine uranus yesterday... If you wanna tp not a problem as we are in profit... I'm just gonna hold tho :)
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nflx down ~15% AH after some subscriber growth dissapointments... fngu will take a hit on open
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opened way lower but currently up over yesterday
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Amzn prime day sales up 90%
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I know I said I wanted to sell by 23rd but I havent;
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nice gain today
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the gain was cancelled out by FB... now it is cancelled out by TWTR... Still within the original R:R
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fyi today is another full moon.. fear looks high... I'm adding a little here to get better cost avg... risk is about the same
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should bounce here imo ; risk from here is smal
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sl hit
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but in my typ fasion I didnt have orders in
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i bought more not sure if it was a good idea but this is what im seeing
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failure to reach the pink could be a signal of higher highs?
I wonder if what we think is a "wave 5" is really the a "corrective b"?
I'm new to elliot wave, but this was my first impression in trying to assign elliot wave numbers. I realize every other post I see about FNGU / QQQ...is saying we were in the beginning / middle of wave 5.
Would like you to get your comment, thanks!
portfoliox
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Please btc
portfoliox
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Can you do bitcoin or crypto please?
UnknownUnicorn1020621
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SNOOP Brah :P This was for you :D
UnknownUnicorn1020621
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@Avasreader, Oh if its ETF, I should not be that ignorant XD I take that back. FB, AAPL and GOOGL are still good long but NFLX, and AMZN are dead