Timonrosso

Bear market rally before the crash?

JSE:J200   South Africa Top 40 Index
We stated that since the price broke below the 200MA, that we entered and have remained in a bear market.

And during bear trends, the market tends to zig zag along the way with strong downside pushes...

Right now, the price is heading up to retest the most recent resistance. This is normally, where traders and retail traders will buy in and believe the market is heading up.

But this is where we need to be cautious with our decisions.

Yes we will see upside in many stocks, but we mustn't think this is the start of the bull market UNTIL we see the price go above the 200MA...

The target for now remains at 56,483

✅ Facebook:
www.facebook.com/groups/matitrader

🌐Website:
www.timonandmati.com

💰FREE Discord:
discord.gg/c8f37kyv35

Twitter:
twitter.com/timonr

Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.