⭐ Merited by dragonvslinux (1)
Agreed. I just think we need to mentally prepare for the possibility of a deep (50%+ retracement) pullback. In Wave 2 pullbacks, the psychology is often "bull trap over, new lows coming!" Then we get a higher low followed by bullish continuation.....
What? Since when did you consider 50%+ retracements in bull markets? That worries me 
Maybe since forever actually thinking about it, considering you didn't consider the "mini-bear" as being a bear market, which is logical on reflection and with some hindsight. I thought we were long done with that though. I'm more of the opinion that spending too long below the 200 Week MA would more likely lead to sub $3K, than support from the $4K level.Oh I didn't mean to imply going anywhere near the 200-week MA, let alone below. I didn't mean a 50% drop in price, just a 50% Fibonacci retracement of the previous wave. Like this:
