If we continue this bearish weakness, we could see the completion of a H&S pattern that could take us all the way down to fill the gap. That also hits a fib retrace of 0.382.
has anyone counted the wave patterns yet? we have been in an extended Wave 3 since 2009, correcting for wave 4 to then go higher to around 6k on wave 5 so just turn off your computer if you are long term investor, wait for a retest of lowest lows before getting back in and buying more shares. Most people got caught up in the pump, the rich will always toy with the retail investors because they need our cash for liquidity. What sucks is that we never know their moves until it's too late and they know how to game SEC. SEC knows that Buffett bought Activision for instance knowing from Gates that he will acquire it but can't do NOTHING to him due to secrecy and timing and this is how the big boys play. Buffett lies, makes billions and the rest hopes to hitch a ride. They don't have to report their moves until 45 days after OR not at all, their analysts know very well when corrections will take out massive amounts of $$$ but they sponsor analysts and the media to pump their stocks with fake justifications and narratives and unless you learn technical trading and trust it without getting suckered into the news to get out before it all tanks, you just have to sit it out and hope you'll have enough $ to then buy again at the bottom. Retail investors unless they're ok to trade at massive risks on margins and leverage, will always get scraps and that's how this capitalist game is played.