In a bull trend, Buy the dip until proven otherwise.
The short term lemonade trend is up.
This means one thing and one thing only (to me).
- Buy the Dip
Ignore whatever fud, ignore the red colour, ignore the anxiety in your head giving 20 reasons why it's going lower
Buy levels to look at
- $79 - would buy 1/3
- $73 - would buy 2/3rds
These are the 0.382 and 0.5 fib levels respectively
I would wait until a confluence of support occurs at these two levels. Such as
-TD red 9 on hourly (4 hourly unlikely)
- 4 hourly 20 ma 1 hour 20ma/50ma
Looks like the likely timeframe of my buys would be either Friday or the following Monday.
This means one thing and one thing only (to me).
- Buy the Dip
Ignore whatever fud, ignore the red colour, ignore the anxiety in your head giving 20 reasons why it's going lower
Buy levels to look at
- $79 - would buy 1/3
- $73 - would buy 2/3rds
These are the 0.382 and 0.5 fib levels respectively
I would wait until a confluence of support occurs at these two levels. Such as
-TD red 9 on hourly (4 hourly unlikely)
- 4 hourly 20 ma 1 hour 20ma/50ma
Looks like the likely timeframe of my buys would be either Friday or the following Monday.
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