If the pull back is shallower than we expect, and we miss the buy zone of 7.5-8k, what would be a good entry?
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If the pull back is shallower than we expect, and we miss the buy zone of 7.5-8k, what would be a good entry?
You wouldn't necessarily be wrong to buy now, however, IMO it's a bit risky being that we're within another longer extending ascending wedge (see pic in ORIGINAL POST - link above). What this means is that we can probably expect another short shakeout (meaning we could go higher to 10.2k+) before we actually see the dip to 7.5-8k. This is definitely tricky territory to be a trader. Long longs (6 mo. plus) only are advised.
A short and sweet answer would be anything around that BLUE descending trendline is a good LONG buy opportunity. We had one today. Maybe one more before we take off.