The index has made the abc correction I expected. This is a necessary abc drop to start reaching new heights.
One of the most important things to understand when looking to buy various popular stocks. Also applies to Bitcoin.
PS this index is designed to go up forever, at least as long as we exist on this planet. Pure logical thinking.
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Often when the rsi is in the 30 zone we see another wave of price decline, this is also encouraged by the price pattern. I don't think it will drop much anymore. 4100 maximum. I believe that we can see the result already at the end of October.
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My opinion has succeeded so far, I believe that the next movement will too.
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Understanding my strategy and price action is also magical for me. The price is making its logical final move down and get ready for the upside, my friends. See you at the top and don't sleep on your chance for a rich life. The low point of the economic crisis is the best place to invest in shares, CRYPTOS, etc. You will find something interesting on my channel 😎.
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Given my analysis of the nas100, we are likely to see further declines in the us500 as well. I discovered the spd, after that the abc movement mostly comes down. Point B is definitely a continuation of price movement down to me, and we will most likely see the completion of the small C point soon. I don't think it will drop much because it makes a big B point at the moment.
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Spd or spu- support point down or up
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I was right about the price movements, US500 was also affected by it. US500 and NAS100 have completed a logical price movement (point B completed)
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Big point B completed **minimally**, it may or may not drop a little more.
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The SPU usually opens with an up movement
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I was right again
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UP
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Everything still applies
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US500 gave me the first hint that a correction was coming. What level is it? It will become clear along with the indicators on an ongoing basis
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Very good and this is just the beginning. But OSD, one-shot down may come as RSI is in 70 zone. I expect it to be minimally yellow But this price is probably small, only max -5% I THINK, we'll see soon
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Macd is likely to cross down Haha I just now realized that my May-June crypto buy is also valid for us500, very good. Ultimate logical circle
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This year will grow calmly and I do not expect a significant decline this year, There is no sign of volume loss today, it will continue to rise 6000 could be the initial target. when it is reached one has to look at the pattern and volume, maybe it will go more higher
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A smart trader who buys to enter correctly with leverage can make a 300% profit in less than a year. Some crazy person who struggles every day with a good entry even 600%. Simple person 150%
Hi, Can you guide me with your Indicators for the Indian market. Nifty50 and banknifty
MoralDisciple
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@vineeta24, I've never analyzed India and I don't have a clear understanding of what's going on there, nor do I read current news. I generally focus on the European and US market, which can be beneficial for me. To understand the indicators well, it is necessary to understand the price pattern. Indicators are only for help, the price pattern is the most basic. I will refrain from analyzing them, I will only share with you what really interests me. Thanks for believing in me and commenting, see you at the top my friend.