I'm not short in this one - still holding LABU- just happy because we will get a fantastic buying opportunity next week. I can hear the bears again calling the end of the world.
But it's nothing just a good drop.
I'M not waiting for more than 2 days of drop. So most probably it will be end on Tuesday or Wednesday the latest.
It seems the unlimited buyer is fed up with buying.
So a healthy correction down to the breakout (2113-218) it is also the FIBO 38.2 level of this last daily cycle.
Today we are tagging the FIBO 23.6% level. Check out volume: it's not a breakdown volume . RSI already has hit the DCL levels. So I suggest caution for the shorts. Don't wait for a deep correction.
ELections are close. Stocks market are not crashing 2 months before US elections.
Take profit and run. Or you will get caught in the upside breakout.
But it's nothing just a good drop.
I'M not waiting for more than 2 days of drop. So most probably it will be end on Tuesday or Wednesday the latest.
It seems the unlimited buyer is fed up with buying.
So a healthy correction down to the breakout (2113-218) it is also the FIBO 38.2 level of this last daily cycle.
Today we are tagging the FIBO 23.6% level. Check out volume: it's not a breakdown volume . RSI already has hit the DCL levels. So I suggest caution for the shorts. Don't wait for a deep correction.
ELections are close. Stocks market are not crashing 2 months before US elections.
Take profit and run. Or you will get caught in the upside breakout.
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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.