We may derive the following from the Weekly J200 chart:
1. Price has dropped significantly over the past two weeks.
2. At present, price appears to be correcting.
3. It is probable that after a short term correction, price will continue to decline to the major support level (orange box).
4. Wait for a correction pattern to sell.
5. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. Price has dropped significantly over the past two weeks.
2. At present, price appears to be correcting.
3. It is probable that after a short term correction, price will continue to decline to the major support level (orange box).
4. Wait for a correction pattern to sell.
5. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
Comment:
Well that was quick...