Stay long and buy more.
Accumulation in progress, bear shake out in progress.
We will take a dip down near the low 8k region before buyers pump prices to the low 9k region, dip down to the mid 8k region then pump to the 11.4k level effectively breaking out of the orange triangle consolidation.
Then dip back down to the high 9k / low 10k region before pumping up for new highs near 16k effectively breaking out of the blue triangle, followed by a 6 month retracement to the 0.618 fib show on the right hand side.
Patience is key.
We will take a dip down near the low 8k region before buyers pump prices to the low 9k region, dip down to the mid 8k region then pump to the 11.4k level effectively breaking out of the orange triangle consolidation.
Then dip back down to the high 9k / low 10k region before pumping up for new highs near 16k effectively breaking out of the blue triangle, followed by a 6 month retracement to the 0.618 fib show on the right hand side.
Patience is key.
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