After the two ATHs reached in a few months, now the market physiologically flushed the overbought into dumps profiting and panic dumps.
The teal trendline was drawn months ago and still valid. Moreover the last two big dumps following the historical ATHs prices both bounced prefectly on the medium term teal coloured trendline.
We are at the start of a new leg up with 75% of probability.
Following days and next week will tell us more about the bullish or bearish (or consolidation?) scenario ahead of us.
As always, set a proper stop loss unles you want to gamble. Just remember this is trading and not gambling :)
Also remember to invest what you can afford to lose.
The teal trendline was drawn months ago and still valid. Moreover the last two big dumps following the historical ATHs prices both bounced prefectly on the medium term teal coloured trendline.
We are at the start of a new leg up with 75% of probability.
Following days and next week will tell us more about the bullish or bearish (or consolidation?) scenario ahead of us.
As always, set a proper stop loss unles you want to gamble. Just remember this is trading and not gambling :)
Also remember to invest what you can afford to lose.
