/biz/ - Business & Finance

>>23018394
>why are you using SPY as an example though, we are talking about individual stock picks
Just a random choice to show that despite corona, the 138.2% level hit precisely the top and that SPY reversed exactly as scheduled. It then went through the floor, but despite the black swan event, everything still checked out.
Would you like me to try with a specific ticker? (of course I also realize it's hard to convince, because how do you know that I'm doing the real analysis and not just modifying it to fit the future we know about).

>I asked you to try backtesting TA on deep value shit like OVV
Where? I see you naming random tickers, but not asking anything about backtesting or these tickers in particular.
Here's a quick OVV. The lower line is -36.8% fib. 3.81 is drawn between 8/9 and 10/18 bottoms. It is the -23.6% level. I didn't even know that it was a fib level before placing the line. It just werk'd. It would have been 0 problem if it didn't match anything. I did not traffic the fib, I drew it zoomed in far away from the jump. I did not adjust it, and I chose a literally random top and bottom.