I like to remind my followers that the market trades in waves. Yes, I know that it sounds repetitive, but the fundamental truth is worth reiterating. Too many traders believe that once a rally begins, it's just a straight line to the next high price. Unfortunately, that is not the case. There will be retracements along the way (temporary price dips).
You've undoubtedly heard a lot of experts and commentators urge you to "buy the dip." However, it's a little more complicated than that. There's a critical component of the jigsaw that many experts overlook. Rather than focusing on the dips, we should focus on the U-turns that follow those declines.
We have no way of knowing if a drop in prices will truly turn positive or continue to plummet without first seeing a U-turn. Here's how to properly anticipate future price movement if you're tired of buying dips only to watch the market continue to fall. It will save you a great deal of time and money!