Corrections do not last long. This one might ass well be over
Just by simply measuring the previous corrections in the stock market, it is clear that corrections in general do not take long. The average size corrections seems to be between 3 and 5 weeks.
The botom of the current correction is found in week 4. As the price is also holding a critical support level, the probability of this being the bottom is incredibly high.
With Bitcoin finding a bottomg as well (these two markets are correlated), I believe that this is the bottom of the current correction.
The botom of the current correction is found in week 4. As the price is also holding a critical support level, the probability of this being the bottom is incredibly high.
With Bitcoin finding a bottomg as well (these two markets are correlated), I believe that this is the bottom of the current correction.
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.