@AssetsNorris I'm now rooting for this to play out.
A lot of my favorite accounts were bullish a couple days ago, and even now there's so many expecting a higher low to form. But we fell back down into the previous range and price action is very weak. Plus a very obvious H&S pattern.
@scott32061303@DeepInference The problem is, I dont have many chances left and I expect the next major crash to conclude at the end of the first quarter of 2028.
The law of alternation suggests this could become an elongated downtrend phase as opposed to the quick dip and rip of Covid.
@scott32061303@DeepInference Interesting chart! Added it to my list.
On the yearly we are already back at the 2000 bearish engulfing breakout point. Watch for distribution at this level if it does not get to new highs.
However, I like your trend-based fib idea. Will be looking for entries after a drop!
@radauteanu7 At that temperature your fever dreams must be amazing! 😃
Seriously though, you might want to do something to cool off a bit soon if the fever persists.
Wishing you a quick recovery 🙏