I've always found it hard to understand the chart for the bears as I am naturally bullish.. The inverted chart can give us a better feel of how the bears are doing. As you can see the bears have formed an arc of resistance and a big move is coming. Volatility and volume is decreasing. 9800 area is a significant area and perfect coincides with fibonnaci resistance. If the bulls are able to break through 9800 then we can expect a market rally, but with the fundamentals of the economy being weak because of corona virus be careful longing!
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That is all for this analysis. If you guys think this analysis is correct please hit the thumbs up button and follow me for more analysis in the future!
액티브 트레이드:
Latest daily trading journal entry
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Check out my portfolio. : www.youtube.com/watch?v=9tZSK_1M...
액티브 트레이드:
Dropped $100. But still waiting for that massive rug pull.
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youtu.be/KhoJlAK1XUs
Check out my TA and my portfolio's performance thus far here:
youtu.be/KhoJlAK1XUs