People might be looking for a few more down red days as seen previously but in my opinion that's a mistake
Why?
At that time the dip was just a selloff followed by more weakness into new lows that formed a bottom
But in our case since it happened unnatural (by margin calls ) it's my opinion that it already hit the extreme low
If it would not have been for the margin calls we could've seen 54 low and few more days down to 52 for a bottom ...
So I think the low is in ! Good luck
Why?
At that time the dip was just a selloff followed by more weakness into new lows that formed a bottom
But in our case since it happened unnatural (by margin calls ) it's my opinion that it already hit the extreme low
If it would not have been for the margin calls we could've seen 54 low and few more days down to 52 for a bottom ...
So I think the low is in ! Good luck
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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.