Despite Trump's attempts last Wednesday to calm the markets and say that China is ready to make a deal (China said that conversation never happened), markets failed to close above the resistance level and 61.8% Fibonacci. Now as outlook for economy remains bleak, US tariffs kicked in yesterday and China retaliated, probability of a sell off happening remains high.
Technical analysis shows a support buy zone and 200SMA close by. Confirmation of the uptrend line could provide early entry on the bounce off of it.
Good Luck!
Technical analysis shows a support buy zone and 200SMA close by. Confirmation of the uptrend line could provide early entry on the bounce off of it.
Good Luck!
Comment:
Comment:
Here we go