The current sentiment is getting more and more optimistic day after day and the people who sold during the latest crash are starting to buy back. I would't be surprised to see a fast pop over the 60% fib and then some weeks or even months of weakness. I wont extrapolate more. We'll see.
The idea is: 1. Overreaction down. 2. Overreaction up. 3. Return to the mean.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.