Wanna Know When the Quickest Up Moves Happens...?
In Downtrends
Usually the quick bounce back reversals and the largest percentage moves happen at the bottoms. That may mean on the reversals of the pullback or the capitulation bottoms.
As you can see here the price fell off a cliff and then bounced back 50% of the drop. Not it is hovering and I believe it is rolling over and will test the lows. I said what you did with the bounce mattered (should have sold it).
Now what happens on these lows REALLY MATTER. Just pray we don’t sell off into the close tomorrow. Selling off and liquidating on a Friday sets up a flash like lower move on Monday...
Published on
by heyimsnuffles
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