This one is a bit speculative since we are predicting the second move before the first one even happens.
However, its good to be ready in advance so you do not panic afterward.
Longer-term investing wise can be a nice entry point since you are buying the dip.
Trading wise it will probably be a good opportunity for the ones that missed the bottom and the higher low.
PS: It is not investing advice. It's just an idea. ;-)
However, its good to be ready in advance so you do not panic afterward.
Longer-term investing wise can be a nice entry point since you are buying the dip.
Trading wise it will probably be a good opportunity for the ones that missed the bottom and the higher low.
PS: It is not investing advice. It's just an idea. ;-)
Note
Inverse H&S still in play, though a bit delayed since we made bullish 12345 Elliot waves. Now expecting ABC correction. Most probably 10k level will be tested again and we will successfully bounce back.Note
It's smart to admit the mistake and learn from it!Here is the strong reason that I missed and shows why the inverted H&S pattern did not work out:
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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.
Related publications
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.