Is the bottom in? Who knows? The Renko chart does not predict tops of bottoms but it shows a clear trend in one direction. Money is made in the middle, not catching the tops or bottoms - that's gambling. Either that or you're a market manipulator yourself.
Anyway, we are still below the red moku cloud and the lagging line is still below price action. So this indicates that the trend is still lower.
I would point your attention towards the circled area. notice we tried to consolidate in this area but ultimately got rejected back down? As long as the price action has not gone above a green moku cloud and the lagging line has not gone above the price action, we are still remaining bearish.
As investors, it is not yet time to cost average in. As speculators, it would be better to stay on the sidelines for more clear indications of a trend to trade. Not financial advice, but I would not touch this for now.
Anyway, we are still below the red moku cloud and the lagging line is still below price action. So this indicates that the trend is still lower.
I would point your attention towards the circled area. notice we tried to consolidate in this area but ultimately got rejected back down? As long as the price action has not gone above a green moku cloud and the lagging line has not gone above the price action, we are still remaining bearish.
As investors, it is not yet time to cost average in. As speculators, it would be better to stay on the sidelines for more clear indications of a trend to trade. Not financial advice, but I would not touch this for now.