It took days to confirm this bull trap. As a hunter waiting its prey showing weakness patiently is never a easy job.
Will start taking some bearish position to test the water, unless the bull forced close above 20EMA again.
Timing in the market is crucial. Below is the quote I like:
''No matter what you do, there is an appropriate time. No matter how much you crave it, the cherry blossoms will never bloom until spring arrives. No matter how anxious you are, when the time is not ripe, you will not succeed in doing things.''
The market has been diving the past couple of days, and...
Personally I am not a friend of value investing.
As an investor, this is indeed a great time to buy the dip. If it continue to dive, simply add more position on next support. All IN now is never a wise decision. Depend on Luck is a double edge sword in long run.
As a trader, always wait for confirmation candle first before decide.