I feel skeptical about this quick turn around in market sentiment, especially that just last week, we created a death cross on the (50 went below 200 )...that's insanely , it could actually mean just the beginning of something nasty about to happen, I wont go long now. But at the same time, I wont go short now either, only with a part of my pfolio, then see action at the 50 and 200 daily EMAs...if we go and stay above 200 , that's actually very , but for now I'm sleptical about that...
so let's wait and see
I'll keep you guys posted with updates on this pattern, with updates in the comments.
If you feeling good today, share some of that goodness and give this post a like :D, it'll give me motivation to keep going.
If today's candle closes above 200EMA and also above the log scale channel, It'll make me think that the bulls are in control, they finally would be defeating the strong bears of these last few months.
We did stop cold at fib. 0.5, but I think that's because everything is happening too quickk, so it's a good thing we didnt get passed that too yet.