lot of bears right now, which i find hilarious. just tapped the trendline/bottom of channel and painting a megaphone that screams "buy buy buy!".
it's beyond me how many insist on being consistently bearish in a market that looks like this:
do the math. here's your downside:
it's beyond me how many insist on being consistently bearish in a market that looks like this:
do the math. here's your downside:
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impulse and corrective waves are VERY similar
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the one big difference between the september bounce and the current bounce is demand. we're much flatter this time around, which leads me to believe price may need to take another small dip lower to spring the sharp correction we're looking for. if you zoom in, it looks more like we're about here:
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late to the party and looking for an entry? wait for the retest. it's very likely that price will retest the downtrend line at least once, and maybe even tap the uptrend line (white) again:
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