In the NU / ND type trend follow-up trading strategy, it is fundamental not to trade against the trend.
The stock price dropped to $ 18,213 on March 23, hitting a new low. It then rebounded and rose to $ 22,595 on March 26. Calculations in the Fibonacci sequence have already reached a 38.2% rebound from the high of $ 29,568 on February 12. The number of new unemployment claims announced on April 2 was a record-high of more than 6.64 million, but the stock price had risen and the stock closed. As far as MACD analysis is concerned, the uptrend is continuing. However, as far as counting Elliott waves, it is not possible at this time to judge whether a downfall wave has been completed or not completed. As you pass the change day in the Ichimoku balance table, you will notice whether the rebound continues to rise. Since it is almost confirmed that it has been a long-term adjustment, from now on, until the bottom-bottom chart pattern such as double bottom is completed from a medium- to long-term perspective, short-term trading aiming to increase the rebound of the contrarian strategy, or It is better to go back and sell.