** short term study ** ** This is not an investment opportunity, a trade only **
Since the 60% correction call (below) the market has oversold extensively leaving gaps behind. Gaps get filled.
On the above daily chart price action has printed strong positive divergence together with a price action resistance breakout.
The Gap is actually the break of market structure on the short idea. Buyers at this level will be a source of exit liquidity for the bear market continuation.
Is it possible price action continues correcting? Sure. It it probable? No.
Ww
Type: trade Risk: You decide Return: 50%
60% correction call
액티브 트레이드
Support confirmed.
노트
20% so far.... hold...
액티브 트레이드
Remember, this is a bear market rally. Nothing more.
Expect a lot of selling pressure around 30 to 32 area.
Don't be the exit liquidity. Be the user of it.
노트
$4-5 to go until target. A very nice 50% return.
Don't allow yourself to believe "this is the recovery", far from it.
노트
Start profit taking, $30 remains likely to strike however the risk is unacceptable in my opinion.
A 3 week death cross is now confirmed.
You will not see a positive return on your investment until 2030 if you buy around $30 today.