Hello, this is what I am looking at. Just a caution to those who are ready to pounce on the dip.
ABCDE on D with two month cypher. .282 retrace is what I have seen in the past on ABCDE then .5 and .618 (456.5,460.38).
Bounced off 200 MA so maybe larger bounce but right now there is a lot of fear in the market so I would just hedge with UVXY calls or SL (maybe at 200 MA) or OTM SP put. 426 OCT low.
Just an ape - no formal financial or markets education. Just 3 years of losses.
ABCDE on D with two month cypher. .282 retrace is what I have seen in the past on ABCDE then .5 and .618 (456.5,460.38).
Bounced off 200 MA so maybe larger bounce but right now there is a lot of fear in the market so I would just hedge with UVXY calls or SL (maybe at 200 MA) or OTM SP put. 426 OCT low.
Just an ape - no formal financial or markets education. Just 3 years of losses.
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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.