Anyone who has read my recent post will have noticed that we are tracking the increasingly over-expansive market in the 
ES1! . If the trend is indeed our friend, then prices should remain moving upwards. Which is what I expect will happen. But in order to go into a strong uptrend, first some levels of support must be tested, or else we risk overexpanding even more. At which point, buying would become extremely dangerous. To avoid this risk, it's better to buy at discounted prices and hoping the price does indeed go ballistic. This is much preferable to buy while price is increasing, as many novice traders do due to FOMO.
With a new local maximum in place, we can safely say that a solid support has been created, yet it hasn't been tested. This in combination with the short term MA and the 2nd STD could provide additional support to the area. Making it a safe bet it won't go through. However, if this were to occur, then this would be a sign of a debilitating stock market and could potentially cause a crash. As there is a very large gap between our current supports and the previous ones. Which could lead markets to panic. I don't believe it's time yet, I think we are still missing a strong and not so long-lived final wave before we lose momentum and then crash.
ES1! . If the trend is indeed our friend, then prices should remain moving upwards. Which is what I expect will happen. But in order to go into a strong uptrend, first some levels of support must be tested, or else we risk overexpanding even more. At which point, buying would become extremely dangerous. To avoid this risk, it's better to buy at discounted prices and hoping the price does indeed go ballistic. This is much preferable to buy while price is increasing, as many novice traders do due to FOMO.With a new local maximum in place, we can safely say that a solid support has been created, yet it hasn't been tested. This in combination with the short term MA and the 2nd STD could provide additional support to the area. Making it a safe bet it won't go through. However, if this were to occur, then this would be a sign of a debilitating stock market and could potentially cause a crash. As there is a very large gap between our current supports and the previous ones. Which could lead markets to panic. I don't believe it's time yet, I think we are still missing a strong and not so long-lived final wave before we lose momentum and then crash.
노트
When I was making the chart, it didn't seem overcrowded. Please expand it to see it properly
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.