Many were those who kept telling me searching for the market top was stupid.. cause this was bullish and that if we had to retrace this will be done smoothly and with pre-signals.. Well... Not really... Cause at that point we may eventually find a potential short term support to hold the falling knife... or not.. Because why would you buy this market ? Giga caps are all overpriced, small caps are tumbling.. There's actually nothing to buy here as we pushed way too far for quite a long time.. The only thing that would worth buying pbly is gold ^^
Well now that we're out of parabolic dreams, we can go back to reality and find decent support pricings to eventually forecast potential calls again. But for now.. everyone will obviously reverse to bearish retracement..
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) You can check my indicators via my TradingView's Profile : @PRO_Indicators Kindly, Phil
If you want to learn more about the basic rules to trade with my indicators here's the educational video link :