Considering the recent candlestick formations and the positive news for the stock market — such as the end of the government shutdown, the $2,000 payments to every American, and the introduction of 50-year mortgage loans — these are fundamentally strong catalysts for the market.
Therefore, since the market has also bounced from a technical bottom, I expect it to move toward its previous high from today, and after that, we’ll see what happens next.
Don’t forget risk management.
This uptrend is only a possibility.
Never trade in a way that you could lose all your capital if the price drops again.
None of these analyses are buy or sell recommendations, and the responsibility lies entirely with each individual.
Therefore, since the market has also bounced from a technical bottom, I expect it to move toward its previous high from today, and after that, we’ll see what happens next.
Don’t forget risk management.
This uptrend is only a possibility.
Never trade in a way that you could lose all your capital if the price drops again.
None of these analyses are buy or sell recommendations, and the responsibility lies entirely with each individual.
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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.
Related publications
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.
