If we break the red line I expect extreme levels of FOMO, pushing it potentially to 30k+
But I won't be buying. This was not a proper pullback. For 8 months we've had basically no pull-back and now it wants to play games by having a 2 day correction of 16%? As I said, I won't be buying. Not until I see a 25-30% correction.
As Mark Douglas says in 'Trading In The Zone', "patterns repeat themselves with statistical reliability" and this is how we're able to profit from the market over a large enough sample size without ever needing to factor in news. ✌🏻