There are quite a few levels that still need to be taken out and one of those is the highs from 2019.
The recent move has been fast and it’s been enormously impressive. But, I’ve noticed a lot of excitement and while that is good, a long-term approach is always helpful to slow down one’s thinking and process.
I made this chart from the free TradingView mobile app so it might look a little different. The point of the chart though is to the action, the fast V-bottom from the March crash and the slingshot higher. BUT, and I mean but, there are bigger levels needed to be taken out before the celebrating can really begin.
The recent move has been fast and it’s been enormously impressive. But, I’ve noticed a lot of excitement and while that is good, a long-term approach is always helpful to slow down one’s thinking and process.
I made this chart from the free TradingView mobile app so it might look a little different. The point of the chart though is to the action, the fast V-bottom from the March crash and the slingshot higher. BUT, and I mean but, there are bigger levels needed to be taken out before the celebrating can really begin.
I work at TradingView helping to build charts, tools, and software for everyone interested in financial markets.
Twitter: twitter.com/scheplick
Blog: scheplick.com/
Twitter: twitter.com/scheplick
Blog: scheplick.com/