@whilethe
š Yesterday's dump - is it scary or not?
Yesterday the market showed again how it can scare. A sharp drain, liquidations, panic - and then everything was bought back just as sharply. If you look at it without emotions, the picture looks classic: they took away liquidity, took out the shorts, and flew back up.
But here's the question: was this the final shakeout before the growth or are they still hinting that it's time to be more careful?
š” My opinion:
The trend structure has not yet been broken, so far it looks more like a regular stop-loss collection.
I keep in mind that the market likes to "play" with the mood of the crowd.
If another such drain is repeated - then it's worth thinking about.
How do you like this movement? Did you calmly buy back or were you worried? Let's discuss
https://www.tradingview.com/x/0Ofalr5s/