The dip we are going through currently is absolutely nothing compared to what we've seen before. We are about -16% down in about 11 days. If you look at the previous patterns, this time is absolutely no different! We are clearly in a rising wedge pattern without any worrying signals. There should be absolutely no reason to panic unless we form a lower low on the chart. You should treat this dip as just another routine buy opportunity. It's pretty clear if you zoom out and look at what happened from late July till late September. We are literally in the same pattern. The market is still incredibly strong and there is absolutely no reason to panic while in the middle of a rising wedge pattern. Look at last year, the market went wild in December after a small pullback in November. Buy while you can, because if the patterns are correct, we are in for huge gains in December. [link] [comments] |
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