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I won't pretend to know if this is bullish or bearish consolidation OR accumulation - meaning I would know the next major direction.
If you see accounts telling you the next move, just consider this chart and make your own opinion because in all honesty they don't know more than the next trader.
This is subjective, so anyone is entitled to their opinion here.
One thing I know for certain, this is definitely a period consolidation - Whether up or down is the question.
It helps to understand this though, despite not knowing direction in the next big move. This is because you can wait for a clear decision, and plan for the longer term.
If this breaks up, perhaps it is then accumulation or bullish consolidation, meaning you should plan for a lot more upside. On the contrary, if we break down, we have a longer and extended bear market (jump out of BE positions and wait wait wait...).
This is a critical period in the market that will decide the next 4-6 months of PA in my opinion.
Time will tell, but if you plan accordingly as much as you can you will be successful. Preserve capital if this is NOT the bottom (to buy/accumulate lower, not all of us have unlimited capital to buy every week as we drop), OR have the ability to switch your bias if this is potentially 'the' bottom and accumulate on dips upwards - ie: don't get bear market PTSD and stubbornly avoid the trend reversal.
This is my strategy, tried tested and true. Food for thought.
V
I won't pretend to know if this is bullish or bearish consolidation OR accumulation - meaning I would know the next major direction.
If you see accounts telling you the next move, just consider this chart and make your own opinion because in all honesty they don't know more than the next trader.
This is subjective, so anyone is entitled to their opinion here.
One thing I know for certain, this is definitely a period consolidation - Whether up or down is the question.
It helps to understand this though, despite not knowing direction in the next big move. This is because you can wait for a clear decision, and plan for the longer term.
If this breaks up, perhaps it is then accumulation or bullish consolidation, meaning you should plan for a lot more upside. On the contrary, if we break down, we have a longer and extended bear market (jump out of BE positions and wait wait wait...).
This is a critical period in the market that will decide the next 4-6 months of PA in my opinion.
Time will tell, but if you plan accordingly as much as you can you will be successful. Preserve capital if this is NOT the bottom (to buy/accumulate lower, not all of us have unlimited capital to buy every week as we drop), OR have the ability to switch your bias if this is potentially 'the' bottom and accumulate on dips upwards - ie: don't get bear market PTSD and stubbornly avoid the trend reversal.
This is my strategy, tried tested and true. Food for thought.
V
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.