It has run nicely since the lows with incredible strength. But surely a correction will be necessary at some point.
Here we have some fib confluences in the area as well as bearish divergences. Similarity to the previous occurance might lead to 40-50% correction before resuming uptrend.
Surely not adivice to short here. Rather buy if hits zone in given time period
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lets keep an eye on those fib levels down there
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came down 30% off that high but the previous correction suggests this isnt over yet. do we do it like that?
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doing what it has already done?
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getting close, load up zones on the chart
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enroute
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lets ignore that wick down for a moment.. quiet same pattern huh?
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here we are at the expected end of correction - time wise
curious whats gonna happen
curious whats gonna happen