the gambler's fallacy is " the mistaken belief that if something happens more frequently than normal during a given period, it will happen less frequently in the future"-wikipedia
Just because price dumped so many times in the recent past, doesn't mean it will not dump again now.
60% chance it will drop one more time (a second drop less likely but plausible). It will form a bullish divergence, and retrace to $56
30% it will retrace directly to $56
Just because price dumped so many times in the recent past, doesn't mean it will not dump again now.
60% chance it will drop one more time (a second drop less likely but plausible). It will form a bullish divergence, and retrace to $56
30% it will retrace directly to $56
