We may have just had a lower low than previous retracement
or did we...
Last retracement was a bit wonky as bulls ended it prematurely and took the momentum from bears
if we measure the secondary top/retracement and add to the bottom of the previous wave - we can see ~46k being the last wave extended bottom
So maybe we can keep this retracement on trend if we stay above 46k which means bottom is either in or in very soon to my posting this
I will be going all in at these levels personally unless fundamentals change significantly
or did we...
Last retracement was a bit wonky as bulls ended it prematurely and took the momentum from bears
if we measure the secondary top/retracement and add to the bottom of the previous wave - we can see ~46k being the last wave extended bottom
So maybe we can keep this retracement on trend if we stay above 46k which means bottom is either in or in very soon to my posting this
I will be going all in at these levels personally unless fundamentals change significantly
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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.