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.