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The strategy from last week's live stream,
was quickly validated this week.
In an uptrend,
a pullback to the EMA20 is strong consensus.
Although this time the market was betting on $MU earnings uncertainty,
it still found effective support at the EMA20 in the middle of the night.
ETF: $DRAM $SMH also followed the same pullback pattern.
Whether it can sustain is unknown,
but as long as the strong trend sector trend hasn't dissipated,
it will remain effective.
Investing and trading go hand in hand.
Many value investors look down on traders.
In reality, all paths lead to the same goal.
Reading chart language is always more important than blindly rushing in.
Understanding chart language at least lets you know,
try not to catch a falling knife after a structural breakdown.
This is a cardinal rule.
If you feel lost in your trading,
start by practicing one pattern until you're proficient.
Whenever that pattern appears, you participate;
if it doesn't, you ignore it.
Over time, forming muscle memory can also yield profits.
#MU #DRAM #SMH