The idea that a bull market goes straight up is a nonsensical one, the 2017 bull market had 6 large corrections averaging 35.3%. This is healthy for a bull run, the market needs to correct to gather strength for the next leg up. This should be looked at a positive not a negative.
- If you are a experienced trader then you should be out of your positions when the cycle has over extended and buy back low.
- If you are inexperienced then you should gather funds a position in on the market when these corrections happen
My predicted 'buy back zone' = $13,600 - $14,200 ****