It has recovered from February Dump. It looks like a broader range but I do not think of it like a range as I dont expect a pandemic like situation again and technically it will be flawed IMO. Normally, we expect the Market Cap to fall from here but I better wait till it get there as Equal chances of trend resumption and reversal.
Market has recovered approximately from Feb-March Dump. All of the chart looks like a Range and considering that Dump for another Leg Down will not be my cup of tea. I respect the probability of resuming the action which was there before Market Dump.
Currently, I am expecting to start a Bear Leg. It can be from Blue Box or from current level till Red Channel Resistance.
Market has recovered approximately from Feb-March Dump. All of the chart looks like a Range and considering that Dump for another Leg Down will not be my cup of tea. I respect the probability of resuming the action which was there before Market Dump.
Currently, I am expecting to start a Bear Leg. It can be from Blue Box or from current level till Red Channel Resistance.
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