9th April is a crucial day , imo of viewing this chart.
He was not bluffing the people as it turns out. However, after a week, the market got terrified and heads south but noticed it did not formed a lower low from 9th April candle.
25th April candle tells us it has breaks out from the resistance level and the last two days have been pretty bullish as well.
I believe the media is getting fatigue of the tariffs matter and we can see that US and China are behind the curtains "negotiating" while leaving the market guessing who really called who. That was the decoy and it is not important other than face saving. More importantly, the chart has once again convinced us that the buyers are encouraged and prove their actions by longing the market.
So whose buying ? Cathy Woods
Could the price action reverse ? Of course, though I think the probability is not high. Hedge funds are already queuing to buy bank shares based on favourable Q1 results , a positive sign.
As usual, please DYODD
He was not bluffing the people as it turns out. However, after a week, the market got terrified and heads south but noticed it did not formed a lower low from 9th April candle.
25th April candle tells us it has breaks out from the resistance level and the last two days have been pretty bullish as well.
I believe the media is getting fatigue of the tariffs matter and we can see that US and China are behind the curtains "negotiating" while leaving the market guessing who really called who. That was the decoy and it is not important other than face saving. More importantly, the chart has once again convinced us that the buyers are encouraged and prove their actions by longing the market.
So whose buying ? Cathy Woods
Could the price action reverse ? Of course, though I think the probability is not high. Hedge funds are already queuing to buy bank shares based on favourable Q1 results , a positive sign.
As usual, please DYODD
노트
Praise God and congrats to those who followed. Just 2 months and you can see the returns.........면책사항
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.