ANTM

12.19.19 ANTM ( when I talked about this market, I said "3 drive pattern" several times when I meant " 1-3-5 pattern". I am sorry about this; since my main talking points reflected my thinking and because of time constraints...I will post anyway.
Discussed the need to adjust your paradigm to the range and other traits of swings. Discussed Oil and other markets


I started to discuss coils, and because of time constraints I made his statement without using a chart example. A coil is not a good place to trade because the distance between buyers and sellers is so small, there is a low probability for a meaningful target, and risk reward parameters make it a very poor market to trade. But even as equally important, coils frequently transition to expanding markets that will become tradable and profitable, but the transition can lead to false breakouts that reverse and then move in the other direction the cause false breakouts in that direction. Therefore not only is the coil a dangerous market, but the initial expansion of the coil can be dangerous. A coil can lead to an expanding triangle, and lots of people know what an expanding triangle is. My perspective is to recognize the vulnerability of certain markets as they relate to my trade decisions. I made statements at the very and of the video, I have talked about coils in the past, and my suggestion is for those of you who know what expanding triangle is... that you find a couple of examples of an expanding triangle in a smaller time frame and examine how you could be enticed into making losing trade decisions. here is one key distinction that I making with regard to expanding triangles that may differ from other analyst: I am looking at a market in real time deciding whether or not I'm going to take a trade. The first thing I will see is a coil as this market is evolving, and I will make trade decisions around that coil. In fact I can make trade decisions that might be reasonable trade decisions as the price expands. Frequently the price expands into an expanding triangle. In many cases, I suspect most chartists identify the expanding triangle and then make a decision about the market. From my point of view I am looking to analyze the transition and market dynamics that lead to a coil in an effort to not trade the market at that time. Why would I do this? I would do this because coils are dangerous, and can trigger a trader to make poor trades as the coil expands. Nevertheless, it is amazing how markets can transition from a very narrow range to a significant expanding triangle. The key is to be analytic and selective when the market transitions out of a coil. For me, the analysis of an expanding triangle can start as the market is forming the triangle, not just when it has formed a 5 point reversal pattern. Will show an example in future video. ( FOR THOSE WHO DON"T WANT TO DIG TROUGH THE SCRIPT, THERE WILL BE A VIDEO WITH A CHART).