$UP Fintech (TIGR.US)$ Tiger shakeout candle is here. Past 6...
Tiger shakeout candle is here. Past 6 days were small red days with low vol. Which signifies a pullback phase. Once a shakeout candle appears in a pullback phase, it means the next rally is coming. As soon as next week we should see tiger rally up for the next leg higher.
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As always, trade safe & invest wise!
Subscribe to my youtube channel for more technical analysis videos and weekly market outlook!
www.youtube.com/c/investing101channel
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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SunBird : I don’t know what you mean, but I hope it does rally!
Investing 101 OP SunBird : shake out candle is when it gaps down significantly lower. and covers right back up to previous day close or even higher. It is what big players do to shake out the weak hands before the next push up. it usually happens in a pullback phase right before the next rally.
101794137 Investing 101 OP : not to be a jinx. I'm holding 3k shares. but if u look at the past trends. this candle is always there and it slowly drops again. and it repeated for a few times already
Investing 101 OP 101794137 : sorry because Im not invested in tiger, Im only doing analysis as I have recently been monitoring for a friend of mine who has over 10k in it. Talked to him about the pullback phase days ago when he wanted to cut loss to wait for a potential next leg up. Saw the shakeout today. You mind letting me know which other days you see this candle? cause I dont see it.
Investing 101 OP 101794137 : the recent 3rd december which was the recent one it showed a next leg up about 28%.
101794137 Investing 101 OP : is it the same one is 12/03, 10/08, and one in Aug. I think it all follows the same. it may be just the shorts covering. this pattern has been going on for abit.
Investing 101 OP 101794137 : yes 3rd december one I saw, which it was 28% upside after that. the thing about shakeout candle is during a pullback when it happens, it signifies upside coming. doesnt mean a full on reversal. so you need to know when to buy and when to exit for the profits. its not really a reversal pattern.
8th oct I dont see any shakeout candle. went to see 10th aug also incase i mix up the month and date, but dont see shakeout candle there too.
Investing 101 OP 101794137 : but 3rd december one I wont really call it shake out, it is more of a selling climax candle. This one I will call it a shakeout because it was undergoing pullback and suddenly 1 candle just breaks down suddenly. But 3rd december one it was on very strong downward trend constantly rejected at 5EMA from 16th nov onwards.
But you are not wrong. it is shorts covering. Shorts who are able to push prices down 10% to 13% are whales. smart money. They are the one who shakes out the weak hands. So after shaking them out, they covered shorts. but in that process all the guys who panic already sold. And some will have FOMO bought back in after noticing that it went back up. This is done to create liquidity in the market.
ATS A trade sniper : hohoho then can meet divine gal