Hi there!
What a ride! I believe it’s a good thing that the market is closed for the weekend—I need to recharge my battery.
Today's thoughts:
If we draw a parallel channel on #RSP, which is equally structured by weight, we can observe that the price has touched the lower line.
This means that, theoretically, the price could hold here and reverse in the next week (or weeks), as it did in October 2023. Alternatively, it may not hold and could move down further, similar to what happened in 2020.
My point here is that the hysterical sell-off is near its end. The question remains: how much more pain will the Bulls endure before the reversal begins?
Happy weekend!
What a ride! I believe it’s a good thing that the market is closed for the weekend—I need to recharge my battery.
Today's thoughts:
If we draw a parallel channel on #RSP, which is equally structured by weight, we can observe that the price has touched the lower line.
This means that, theoretically, the price could hold here and reverse in the next week (or weeks), as it did in October 2023. Alternatively, it may not hold and could move down further, similar to what happened in 2020.
My point here is that the hysterical sell-off is near its end. The question remains: how much more pain will the Bulls endure before the reversal begins?
Happy weekend!
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이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.