Hi Traders. One of the biggest doubts for most investors for the current time is definitely "is the worse yet to come?".
I do not have a secret pill to when will the markets turn, but i'd say while it's important for us to stay optimistic, it's relatively vital for us to anticipate the negative scenarios too.
Market has been in a bear market for several weeks now (when the index cross below 20% mark), so what am I looking at on the TA perspective?
1. A solid break and hold above 13,000 could be calling a possible bullish reversal scenario as its possibly the first evidence that price is forming a new low
2. If price still reject 13,000, it wouldn't surprise me to see another push back to previous low around 11,800.
If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
I do not have a secret pill to when will the markets turn, but i'd say while it's important for us to stay optimistic, it's relatively vital for us to anticipate the negative scenarios too.
Market has been in a bear market for several weeks now (when the index cross below 20% mark), so what am I looking at on the TA perspective?
1. A solid break and hold above 13,000 could be calling a possible bullish reversal scenario as its possibly the first evidence that price is forming a new low
2. If price still reject 13,000, it wouldn't surprise me to see another push back to previous low around 11,800.
If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
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