I take back calling the virus bogus as it does seem to be becoming a serious threat now. However what im saying is the triggers for the market downturn already activated weeks before in a larger cyclical pattern with oil prices likely the most important.
ahmedse
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@supere, true
Also there a some strength in gold chart indicating some big trader is anticipating a market correction.
Hope these oil and gold indicators work as they should on this chart
Also don’t underestimate this virus thing, China is big, just small act of canceling tours will look ugly in tourist dependent countries
supere
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The fundamental analysis should show itself in time. I've been studying many charts, fundamentals and waves for a long time now. The drop likely has been triggered with failing oil prices which barely anyone has caught on to yet. However, the oil red candles are severe beyond belief.
Nothing to do with the bogus front page coronavirus.