In my previous post, I highlighted the formation of an H&S pattern and mentioned that a rally could occur around the 23,000 level. Once that target was reached, a rebound was expected, and indeed, the market has bounced back. However, as long as the market remains below the 24,500 level on a daily close, we can expect a drop to around 21,900, which represents the 38% retracement of the recent rally. Ultimately, the market could head towards the 19,000 handle, which aligns with the 50% retracement.
Downtrends are often sharp and volatile across various asset classes, so buying into dips may not be the most effective strategy. It's better to wait for the market to consolidate at key levels before making any entries. Remember, the markets are always there, and patience can often yield better opportunities.
Downtrends are often sharp and volatile across various asset classes, so buying into dips may not be the most effective strategy. It's better to wait for the market to consolidate at key levels before making any entries. Remember, the markets are always there, and patience can often yield better opportunities.
Do what others don’t know, and don’t do what others know.
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Do what others don’t know, and don’t do what others know.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。