Lately there has been a lot of concern around the current market conditions. Many believe that this is simply the beginning of what will be a prolonged retracement, and we are seeing the early signs of a recession.. As a trader, it's easy to see such a huge drop, accompanied with countless bearish news articles and immediately switch from a rational perspective of the market to a purely emotionally driven perspective and start panicking. Recognizing this, it's important to take a step back, discard your emotions and truly analyze all the possibilities. After taking time to do so, I believe you will see that it's probable that this merely a correction, and we are about to begin the final upwards move. I expect that this last wave will turn out to be an ending 5th wave diagonal; concluding this amazing bull run.
As always this is purely for educational purposes only.
I'd enjoy hearing what you all think and how you expect the future of the market to play out
Good luck trading,
zerotozeros
As always this is purely for educational purposes only.
I'd enjoy hearing what you all think and how you expect the future of the market to play out
Good luck trading,
zerotozeros