I'M LABELING THIS A "LONG" POSITION FOR THE "LONG TERM" EVEN THOUGH WE ARE HAVING A BRIEF PERIOD OF DOWNWARD PRESSURE LIKELY TO ENSUE. BE PREPARED TO BUY THIS POTENTIAL DIP IF YOU HAVE NOT DONE SO ALREADY. THIS IS MY OPINION OF COURSE.
Happy Trading and Stay Awesome!
Alternatively, we are also one surprise pump above 10500 to tilt the white energy on both 2D and 3D upwards again and from there, we have plenty of room for upward pressure until 5D comes down to 50 level. As has been usual since Jan 1, high-volume pumps spontaneously come out of absolutely nowhere.
All I am pointing out is the vicissitude of price action and the difficulty of forecasting future movement. I believe it is better to understand this part about the indicators and the price that it purportedly indicates, before narrowing down to grasping with higher lucidity and thus higher precision future price movement.
I agree with everything you said. Everything... Which is one reason why I chose my words carefully... The word, "POTENTIAL..." I'm very aware of that possibility with a pump out of nowhere due to what we are seeing in the higher time frames. However, I still believe the chance of a dip has increased. Yet, I don't see a dip lasting very long at all and likely will not go very deep at all.
Good to see you're catching on. ; )
Hi Dan and Leanne,
Thanks for dropping by and your continued support!
Cheers ; )