Lol people saying this dip would have happened in any case and Iran had nothing to do with it. Yes, a dip might have happened but it wouldn’t have been as aggressive as it was. I don’t even know why I entertain this 🤣
The argument I'd make is this: The markets are forward looking. You are talking about trillion dollar global markets that are pricing EVERYTHING in. The charts know everything you don't. A narrative always *appears* and charts wick to key levels. The narrative is irrelevant. Nobody is ever going to successfully navigate the markets on narratives, because you're being reactive to a market which is proactive. The chart knows everything you don't, you just don't know why it does. Everyone who reacts to narratives "knows" too late, hence why they always end up on the wrong side of the trade. Some people end up very conspiratorial with it, and yet I think even that is a failure to understand what is going on. The markets are forward looking. The markets are pricing in what you can't. People fail because they think the markets are reactive, and fail to see it is THEM who is reactive. If you can navigate a market FAR more effectively with ZERO exposure to news and "narratives", then how are the narratives useful? They're not. All of the most successful traders I've come across in my time here understand this. Everyone I come across who fails to understand this seems to get rekt. So I would simply argue: why do you care? You can explain it away how you wish, all that matters is: how can you make it useful to you? Most people don't make it useful, they make it totally unuseful. They think they know more than the markets do, they don't.
@Fibonaccious I expected a dip and even a potential wick to 0.11 but nothing like this. Not sure how to chart this in 🤣
@Fibonaccious It was in the charts. So all the TA guys were obviously 100% stables waiting to capitalise on the opportunity.
@Fibonaccious What about this ..nothing happened at that time but it dump more than today (consolidation around prev ATH)