Heineken-Ashi said:

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zgolfz85 said:

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Heineken-Ashi said:

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agdaddy04 said:

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Is this legit and time to sell or something for clicks?

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This was a headline all over the place the same day Trump announced the AI project.

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Hey heine, happy Saturday. Do you use Renko charts in any of your analysis?

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I never have actively but am familiar with them. They are a different way of thinking as time really doesn't mean anything. They are very simplistic way to smooth out price noise and just focus on if a trend is productive or not. I will check in on the renko from time to time but don't usually use it for any decision making as price almost always turns well before the renko alerts you.

Right now, a renko brick is 10c for WWR. To get the next brick up, price would have to finish a day at $1.20 or higher. To get the next brick down, price would have to finish at 90 cents or lower. The range between represents 25% of the current price. By the time you get a down brick, you're right back to the top of the last range before this week's breakout and don't know if its going to continue falling or just consolidate. But as long as you keep getting up bricks, you know price is staying constructive long term. Hard to base decisions on that. But cool background info for sure.

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New trader trading on FOMC day. pic.twitter.com/jqFh1KqN0n

— tic toc (@TicTocTick) January 29, 2025

reedsterg said:

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Heineken-Ashi said:

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zgolfz85 said:

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Heineken-Ashi said:

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agdaddy04 said:

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Is this legit and time to sell or something for clicks?

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This was a headline all over the place the same day Trump announced the AI project.

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Hey heine, happy Saturday. Do you use Renko charts in any of your analysis?

---

I never have actively but am familiar with them. They are a different way of thinking as time really doesn't mean anything. They are very simplistic way to smooth out price noise and just focus on if a trend is productive or not. I will check in on the renko from time to time but don't usually use it for any decision making as price almost always turns well before the renko alerts you.

Right now, a renko brick is 10c for WWR. To get the next brick up, price would have to finish a day at $1.20 or higher. To get the next brick down, price would have to finish at 90 cents or lower. The range between represents 25% of the current price. By the time you get a down brick, you're right back to the top of the last range before this week's breakout and don't know if its going to continue falling or just consolidate. But as long as you keep getting up bricks, you know price is staying constructive long term. Hard to base decisions on that. But cool background info for sure.

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Question for the chart experts, what price point would you add more WWR on the dips?

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Philip J Fry said:

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Yeah? So what?

I have zero doubt this is true. The answer I've gotten from deepseek have a very ChatGPT type flavor. Still, they stolen it and put it out there for everyone to use. Damage is done.

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El Chupacabra said:

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Anyone on TEVA?

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infinity ag said:

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Argh, the market has stalled again.

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