Potential bottoming fractal found.
Since it's more algorithmic trading than anything else, once we get a higher high on this, it should look quite similar, up to the #3.
The assumption is that more algorithms are programmed to buy when price goes through a previous resistance, because that is one of the most certain signs of a bull market - and thus, the indicator fulfills its own prophecy.
Maybe. Maybe not. We'll see how it plays out, but one thing is certain; these markets are out of weak hands.
Since it's more algorithmic trading than anything else, once we get a higher high on this, it should look quite similar, up to the #3.
The assumption is that more algorithms are programmed to buy when price goes through a previous resistance, because that is one of the most certain signs of a bull market - and thus, the indicator fulfills its own prophecy.
Maybe. Maybe not. We'll see how it plays out, but one thing is certain; these markets are out of weak hands.