Because , once again, the chart doesn't give an f about earnings reports..it is just following its pattern or extension.
Actually it's the other way around . The market doesn't give a f about patterns when the fundamentals come into play. Cocoa is a perfect example for that in the last few months. Tesla didn't go up right after earnings because of some fancy chart pattern but because Tesla is pushing affordable models forwards.
Hmmm. Where'd tsla close today? $168? Imagine that. I really should get a paycheck here. Two weeks out, a billion plus shares, and a trillion dollars in options traded in between. One picture says it all. https://www.elitetrader.com/et/threads/tsla-crashes-to-5-per-share.371677/page-41#post-5958319 And one like given at ET.
It's not even worth trading with less than 50k to 100K. That's what I always tell everybody. You're not going to get anywhere leveraging 10K. Here's some things I don't do. I don't diversify. I don't use stops. I don't dollar cost average. I don't do dividends.
Does it matter... if they're right? To you or anyone else? Be glad I share. I don't post for the members here... that's a waste of time... I post for the voyeurs.