When I look at the recent price movements, I see a search for balance rather than panic. It seems more like a process where leverage has been cleared and the market is taking a breather, rather than a sharp decline.
In my opinion, the critical question here is: Are we seeing a sale, or are weak hands being eliminated?
If there is no excessive escape on the volume side, I generally interpret these types of pullbacks as corrections within the trend. What will determine the main direction is how willing the buyers are at the support areas.
If I were you, I wouldn't hurry here. The market usually tests patience before saying it's "over."
Do you think this movement is a real bottom, or should we expect a clearer structure?
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#HasTheMarketDipped?
When I look at the recent price movements, I see a search for balance rather than panic. It seems more like a process where leverage has been cleared and the market is taking a breather, rather than a sharp decline.
In my opinion, the critical question here is:
Are we seeing a sale, or are weak hands being eliminated?
If there is no excessive escape on the volume side, I generally interpret these types of pullbacks as corrections within the trend. What will determine the main direction is how willing the buyers are at the support areas.
If I were you, I wouldn't hurry here.
The market usually tests patience before saying it's "over."
Do you think this movement is a real bottom, or should we expect a clearer structure?
#HasTheMarketDipped?