Oh no! A Classic WTF Animal is that pattern!

26 de jun. de 2023

I've detected the "WTF Animal" is that pattern in NVIDIA.

Is it a dinosaur?
A dog?
An elephant?
Something from out of this world?

The "WTF Animal" is that pattern has been around for years now, but only now am I just sharing it.

The animal I see is a dinosaur, but I also see how it could be a llama or a gazelle of sorts. Perhaps I need to draw it again.

I don't have a position in NVIDIA at the moment, but it is a fascinating company to watch as AI takes the center stage in everything we do. I'll wait around for a trade, but for now I am neutral and just watching.

Sometimes it's the best thing you can do: just watch. Sit on your hands.

I've never made a good trade that is forced and not planned. Many of you can probably relate. Also, never trade because you think have to. The thing is, currently NVIDIA has all of these characteristics - people think they have to get in on the AI hype. That's not true.

I must thank the "WTF Animal" is that pattern, because at the end of the day, the confusing chart and drawing, helps me pass time rather than rushing a trade! This pattern is usually detected when a chart looks so outlandish yet interesting, bullish but also bearish, confusing but also intriguing, that all one can see is a strange animal of sorts.

Next time you think you're going to rush a trade, just remember the "WTF Animal" is that pattern. It'll save you from taking a trade you never wanted to take in the first place. Before placing that uncertain trade, first go ahead and draw the animal you see. But remember: this is not an easy pattern to spot.