Whether the markets are heading for a new wave of declines or this is the end of the sale season and their face to the north
Stock Market Technical Analysis update
The indices have indeed corrected well and now a majority reach critical test levels in my opinion If the assumption of two trading patterns that can be formed will be implemented Then interesting and beautiful movements can be expected
Currently, the markets are very volatile and nervous
There are a number of reasons. The first is the "bomb" that Trump imposed on the market with the announcement of the imposition of tariffs on the import of steel to the United States. This created fear and rickets on the part of the other countries that responded "if taxes are imposed on us, "This may ignite a trade war and a negative thing for the stock markets, which is still in a delicate situation after the sharp sales we experienced last month
In addition, this week, employment data will be published, which is important and significant in itself
The indices have indeed corrected well and now a majority reach critical test levels in my opinion If the assumption of two trading patterns that can be formed will be implemented Then interesting and beautiful movements can be expected
The indices made pullback’s after reach high side as was written here,
A 38.2%-50% retracement is the minimum requirement for a pullback, and this requirement has been achieved
The medium-long term since last major downtrend start to see some bullish sign on the chart since 3 weeks ago, you can see the price belt support in the blue color crosses - as long the prices remain above it will confirm for more bullish to come
Dow jones forecast |
if you follow last posts, you all know and showed last predictions and wasn't surprised
"" According to the sentiment and the graph, we are on the edge and therefore I think this is the point in which it is worth trying to check whether it will work
I am talking about trading, of course, on the indices when I assume that the markets are in the process of correcting whether I am healthy or not yet know
But patch down almost certainly - with a probability of more than 70%
Let’s build a test strategy
Short position with a stop of 3-4% and profit 7-8%
A ratio of 1: 2 in terms of chance of risk"
You can see that you still do not see the panic in cycles beyond what we saw in the first move
On the other hand, in the last two days of trading, which was accompanied by declines, there was actually an increase in trading volumes compared to the previous period,
DOW JONES ANALYSIS |
This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice
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