As you see the chart this is how the bottom work.
The bottom need to have stronger floors and will force the bulls to bounce up without holding back.
Mid 13K and lower has stronger floors there , as you can see how much support it has with the floors. 17K in the other hand doesn’t has that much floor support as a bottom.
The bottom contains of how strong and strength of bulls floors really is .. the big wick won’t work that way but a shortage buy. As you saw the resistance of bearish that’s what you need to be careful of because it can overturn.
Y’all can argue in the comment section lol. News will effect everything no matter how good or bad will be especially the economy.
The bottom need to have stronger floors and will force the bulls to bounce up without holding back.
Mid 13K and lower has stronger floors there , as you can see how much support it has with the floors. 17K in the other hand doesn’t has that much floor support as a bottom.
The bottom contains of how strong and strength of bulls floors really is .. the big wick won’t work that way but a shortage buy. As you saw the resistance of bearish that’s what you need to be careful of because it can overturn.
Y’all can argue in the comment section lol. News will effect everything no matter how good or bad will be especially the economy.