This current 'pump'(Wave 5), began in November 2022 after a Wave C(Blue) reached the end, hence Wave 4(Red) was completed. Waves are inevitable as they are guided by the laws of nature. Nothing always goes up, there must be dips, some small and some very huge. Highlighted in a Blue line is 'dip' and based on 'Advisors', they would say buy the dip. This is not always good advice and in this example, this advice would bring huge losses shortly after. My Advice is to know which dips to buy, when to get out and when to wait. All this is encompassed in Elliott Wave Principles and Fibonacci Retracements. As per usual its big moves and you will always have a chance to avoid huge losses. Follow for an Elliott Wave explanation of a Stock Market Crash.
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Disclaimer
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.