The Pi Cycle Top Indicator has historically been effective in picking out the timing of market cycle highs to within 3 days & has a 100% track record. It shows the top is reached when the orange line (350DMA x 2) crosses over the green (111DMA).
My recommendation is that for now you should not use leveraged positions for your trading and just be cautious, nothing particularly worrying but hey it's better to protect your profits than see everything melt away, right?
Or is it a self-fulfilling prophecy?
My recommendation is that for now you should not use leveraged positions for your trading and just be cautious, nothing particularly worrying but hey it's better to protect your profits than see everything melt away, right?
Or is it a self-fulfilling prophecy?