2nd day off the parabola, which means heading toward an 80% retracement. Target is red line just above 4,3k level.
I suggest you to buy gradually increasing exposure on the way down if you are a long term investor. If you'r technical like I am. well the answer is simple. Watch the daily and wait for a clear reversal. The most relevant levels are pointed in the chart.
I'll check the chart time to time to see if some specific daily pattern is forming. 3 weeks is the minimum range to me for a pattern to be relevant.
I suggest you to buy gradually increasing exposure on the way down if you are a long term investor. If you'r technical like I am. well the answer is simple. Watch the daily and wait for a clear reversal. The most relevant levels are pointed in the chart.
I'll check the chart time to time to see if some specific daily pattern is forming. 3 weeks is the minimum range to me for a pattern to be relevant.
Note
I've heard of ppl out there buying this dip.Note
The difference from a newb and a pro. A newb is suddenly turning bullish by now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.