alts will see major corrections if this plays out. Rising wedge(bear pattern) + c wave of an ABC correction
Note
this is not your normal dip that has happened multiple times in the past week.Note
1st dip is always fast since leveraged accounts are getting liquidatedNote
I don't recommend "buying the dip" as there probably will be more than 1 wave (dip -> consolidate -> dip). If you are looking to buy in, I would recommend waiting until the end of the month where it's usually cheaper (futures expiration)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.
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.