In a post at the beginning of the month, I warned about a RED start to the month.
OK, we reached a New ATH first lol...But look where we are now !
My exact words were "Past October closes are 10 Green to 4 Red, so the Odds are we will see another Green October close, though it may not be a large candle.
InFacr, there are a few charts that point towards a Red start till around Second week, 12th - 15th October.
This of course can change but it maybe worth understanding that we may get a bloody month start."
Look at the Arrow on the chart. That Red Arc is a 236 Fib circle....
Anyway, so now ?
We are not at that date range for recovery yet but Monday may be positive But CAUTION is a MASSIVE idea.
We have currently bounced off the 5.382 Fib extension and are noe just above the 5.768 BUT also just under a line of resistance. WE NEED TO GET OVER THAT
One thing that points to a possible range here ir, at worse, further Dips is that the Daily MACD has only just turned BEARISH
The 4 hour has reached OVERSOLD now and so we may see some support coming in on a short term
The Daily RSI is Low but maybe not low enough to support a sustained move higher though it can rise and Range high
We need to WaTCH CLOSE AND SEE WHAT HAPPENS OVER THE NEXT 7 DAYS
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.