Tips on opening a position
History doesn't repeat itself, but it can be strikingly similar! The bull market from 20 to 2021, that bull market:
● The pullback began in mid-October 2020, due to the large inflow of capital from the United States;
● At the end of April 2021, the weekly trend of the market was crossed, which lasted for half a year;
● After the dead cross, it experienced a sharp drop of 519, and the market adjusted for more than 2 months, and started a second pull-up around July 20;
● The market began to plummet in November 2024, and with the expectation of U.S. interest rate hikes, it completely entered a bear market.
This round of bull market from 2023 to 2024 has very striking similarities:
● The pullback began in mid-October 2023, due to the large inflow of capital from the United States;
● At the end of April 2024, the weekly trend of the market was crossed, which lasted for half a year;
● After the death cross, it experienced many single-day plunges, and the market adjusted for more than 2 months, and then.
If you believe that there will be a second opportunity to rise higher in the future, then you will have a good opportunity to lay out the bottom chips!