SIMPLE!
Bigger picture movement is a repetition of a previous move from 2016.
This is not going to the moon just yet, it is establishing a bottom here.
I've been through 3 crashes now and this is just a natural market cycle, bulls become bears and then bears become bulls...repeat.
This is not going to the moon just yet, it is establishing a bottom here.
I've been through 3 crashes now and this is just a natural market cycle, bulls become bears and then bears become bulls...repeat.
Note
Pay attention to the correlation between the red line from 2016 & the red line that projects into July 2019.
There will be a strong move up in the coming months then sell off to the red arrow to test a higher bottom.
Note
LMAO!
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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.