Thursday, January 15. Continuation...
A mild correction has turned into a more prolonged one.
Will it evolve into a deep selloff, or will the market attempt a recovery (something I honestly believe in weakly) — we'll find out closer to the end of tomorrow's American trading session.
Personally, I'm more inclined toward a corrective squeeze to the bottom, after which a recovery move might become possible.
Donald Dump and his 'team,' in my perception, profit not from growth, but precisely from declines. And here's pure mathematics:
it's always easier to crash the market than to pump it.
But we can't rule out another scenario — they might do the opposite: first liquidate long positions, then sharply reverse the market and start collecting liquidity on short positions.
In short, the situation is becoming increasingly interesting.
I continue to monitor the unfolding developments.
And to everyone who bought at the local bottom, I wish you to lock in maximum profit 😉
Wishing everyone successful trades and a great mood!
Risk control and always DYOR.
