Strong downward momentum, but need to breathe a bit ;)
Komen:
Besides...
Komen:
Bounced at 1.618 ext more than 1.5 %. That's about an annual return in a bank of savings deposits. To keep things in perspective. Lol.
Komen:
Oh, we arent done yet. Just taking a break at the middle. We are going further up.
Komen:
price made sort of double bottom. That can make the bounce higher than first anticipated.
Komen:
Breaking downtrend-line is hard, but all consolidation happens above the 1.618 level so far. Washout-spike with reversal.
Komen:
Yes, taking time to bottom is meaningless, but unfortunately how markets work.
However, I still think this is just a bounce, and we will see lower levels eventually.
However, I still think this is just a bounce, and we will see lower levels eventually.
Komen:
3.065 is what I want to see on this bounce as minimum.