Call me a pessimist. Breaking out above 2900 may invalidate. Inverse C+H possible. I believe double bottoms are used mostly in long term down trends and not short term dips. Keyword mostly. My experience trading is only 4 years but I'm extremely studious. The fact that I have not yet seen wave C in this correction keeps me from trying to see the bull.
True. Realy.. Double Bottom and big reversal already? after such short selloff.. It may be a bull trap. Bear market is full of bull traps one after another.
I_AM_FROM_THE_FUTURE
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I like it:). I hope the coffee is hot and burns badly:)
I also think we should head lower, but I am worried if many people come up with the same idea. It becomes a herd opinion.
xCal
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@I_AM_FROM_THE_FUTURE, yes but even in heard opinions you see people think heard opinion follow an overshot with a quick reversal. Then you hear shouts of manipulation which in any case may or may not be true. But they can't avoid the subtle details. Look for the subtle details. It's less a mind game and more about sticking to your guns and capital management.