I am thinking the correction is either 'done' or is due for at least a strong leg back up.
The perfect sign of a bottom would be a well formed impulse wave (12345) off the bottom
I drew the two mostly likely paths for such an impulse wave, and will gauge further as price moves.
Monday looked like possible ''capitulation'' at the bottom with a strong bounce.
There has also been Trump related news about the 'new' China tariffs, which were clarified to not be new but just restatement of previous stance.
Also, the move down now looks more like an ABC correction rather than a 12345 impulse down.
Thus I am starting to re-buy some select stocks at opportune moments.
The perfect sign of a bottom would be a well formed impulse wave (12345) off the bottom
I drew the two mostly likely paths for such an impulse wave, and will gauge further as price moves.
Monday looked like possible ''capitulation'' at the bottom with a strong bounce.
There has also been Trump related news about the 'new' China tariffs, which were clarified to not be new but just restatement of previous stance.
Also, the move down now looks more like an ABC correction rather than a 12345 impulse down.
Thus I am starting to re-buy some select stocks at opportune moments.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.