This indicator I have been looking at for a while to determine entry points. Nothing has changed as far as the analysis is concerned as the direction from the highest point is higher than the lower point and this means sellers still in control. The 18% from the lows is the resistance level that I need to see this level clear out which is pretty much the same as the $39 level that is a massive level. This $39.00 will stay as the key mark unless the market makes significant new lows to buy on strength. The advantage on buying on strength is this allows any of this wild selling to occur first. If the market goes down to $25.00 then this level will move lower with the market lower for an entry point on strength. I would personally rather buy on weakness and that is my personal preference only.
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