Easy_C
Peacock
I wouldn't get too complacent yet. If anyone here has tried day trading it's common to have "reaction lows" where the price movement will dip below the trendline and then surge above it.
It also happens across other market sectors and on larger time lines than you encounter while day trading. Although prices are dipping now that is probably the temporary panic high settling out and the long term stagflation trend remains in play. Waves do tend to decrease in intensity as the energy behind a trend exhausts so most likely the up and down fluctuations will never be as dramatic as this first panic high and subsequent reaction dip will be, but the average trend tends to be more or less linear.
It also happens across other market sectors and on larger time lines than you encounter while day trading. Although prices are dipping now that is probably the temporary panic high settling out and the long term stagflation trend remains in play. Waves do tend to decrease in intensity as the energy behind a trend exhausts so most likely the up and down fluctuations will never be as dramatic as this first panic high and subsequent reaction dip will be, but the average trend tends to be more or less linear.