Dislikedwell said, problem is when we go long thinking we bought at the bottom, and then it keeps falling. then we don't have more margin to add more longs and we need to wait until it goes up again and take profit.Ignored
Tho smaller stops are required then.
Anyway, seems that it's gonna penetrate further below 1750 (38.2 fib) as all my indicators are saying it still has powerful bear tendency.
I'm surprised, to be honest, because I was expecting huge correction to happen after 2k gets hit, not a correction to provide thrust for 2k. But, who knows if it will get there at all. I sure hope so.