Detecting complex corrections prospectively is not easy!
People usually look at these models retrospectively!
However, looking at the previous correction pattern and the undeniable similarities with the current correction makes it more likely that we experience another leg down!
Top declining, Flat(rising) bottom ould be the most probable scenario..!
Opinion: long-term investors should wait for 130 level to reevaluate their position!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Enjoy Holidays,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
People usually look at these models retrospectively!
However, looking at the previous correction pattern and the undeniable similarities with the current correction makes it more likely that we experience another leg down!
Top declining, Flat(rising) bottom ould be the most probable scenario..!
Opinion: long-term investors should wait for 130 level to reevaluate their position!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Enjoy Holidays,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.