I was posting an idea days ago about Wyckoff accumulation, but since the spring was dropping way harder than I expected, I started to consider another mid-term scenario.
Looking at how aggressive the drops have been lately, the chances are big that we'll make a drop of 75%~ over a mid-long-term just like the waterfalls from 2008 and 2008, a lot of noise will be made from former support levels.
Just an idea, but I think it's healthy to consider this.
As usual, trade well, trade safely and good luck to you all.
Looking at how aggressive the drops have been lately, the chances are big that we'll make a drop of 75%~ over a mid-long-term just like the waterfalls from 2008 and 2008, a lot of noise will be made from former support levels.
Just an idea, but I think it's healthy to consider this.
As usual, trade well, trade safely and good luck to you all.
Trade closed: target reached
Probably going lower, however I'am too lazy to pinpoint price.Still, good prediction ;)
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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.