My fellow traders and investors.. there are times that even I seek clarity..so one needs to turn to the inverted scale..As i see this as a powerful tool to seek short term bottoms.. Reliable? NO..Potential? YES.. The C wave is upon us.. but bear markets DO NOT crash..they work in amongst waves..The monster that is upon us, is hungry and sheep, is what he loves (please not.. i have nothing against sheep)..so he will do everything he can to gather the herd into a corner(short term higher prices..maybe)before u know what..
To conclude i have depicted an inverted scale of the XJO.. if this was a top i would short it..a bottom ..even though unreliable, one would buy it(tight stops)..But again the candle is not as reliable as if it occured at a top..but nevertheless it has occured..I have also depicted potential levels of resistance..
Just to add.. C wave bear markets are very dangerous..wild swings with lower highs and lower lows..
Just to add a little more.. If the reversal is taken out in the next few days..a retest of the 2009 bottom will come very quickly(3100).. GOD BLESS US ALL.
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