In my limited experience...I've noticed that if it can go down...within TA and Fib boundaries, then it will. Why not force (manipulate) the price down as low as possible before pumping it up if you can. Or, it goes against obvious TA (momentarily) to liquidate Long or Short positions. So...I'm planning for the worst (DCA buying), and hoping for the best...Long on a macro 5 year scale.
Note
I call Sept 11 for the turning point...after a double bottom...but what do I know...
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.