If this thing just cooled down before moving to 4K or any higher, it'd be just fine by me.
For such outcome, price in current market condition must behave just like it's historic fractal.
If there are any intentions to make such correction:
For such outcome, price in current market condition must behave just like it's historic fractal.
If there are any intentions to make such correction:
- Price must cross below blue MA line breaking below red uptrend line to ignite a sell off.
- Form similar pullback pattern and move down again!
- Following decline can play a role of final confirmation of upcoming bigger bear impulsive wave.
- When the supposed decline is over, we got to find a confirmation pattern and level for uptrend from another fractal of S&P500 to be a little more confident in order to enter the market safe.
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