Simple idea. Note that I didn't keep the timing of the market in mind. This can develop over a longer time frame.
A wick below the uptrend to the lower 20s is still possible in order to provide liquidity. As long as it's a wick and the daily closes above the uptrend, this idea stays valid.
A wick below the uptrend to the lower 20s is still possible in order to provide liquidity. As long as it's a wick and the daily closes above the uptrend, this idea stays valid.
For those wondering wether now is a good time to buy, technically the short answer is yes.
This is your 2nd best entry after the July correction. I am not able to call the ultimate bottom, but slowly averaging at these prices is not a bad idea.
Remember sentiment changes quick in this space.