Here is my thesis:
If we could potentially retest the 360 area then I believe a head and shoulder breakout is possible and could be the potential bottom… but again we want confirmation.
If price action can break above 30MA and pullback that will also indicate a reversal and maybe a potential bottom…
If you look closely at 2022 price action, every breakout of...
I'll keep it simple - Once the market has bottomed and you have seen this trend line can finally breakout & RETEST then it makes sense to start adding into your Long term investments.
If you have questions feel free to ask.
Have a great day guys!!
