The Indian Market - there could be trouble here!

OANDA:IN50USD   India 50
Something major spooked markets all over the world today. There are loads of theories out there. For Technical Analysts, it doesn't matter too much. 'We' just need to catch the change in sentiment in time.

The India50 - often called the NIFTY - made a massive trend switch - best seen on the 1H time frame. Big dumps like these usually see follow through - how far, is another question.

But in markets that have been madly bullish , one can expect rebellions as Robinhoods buy the dip.

The snapshot shown is early days. I'll follow up on this one. Stay tuned! 😄

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Comment: What happened:

FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus ]