WHY ARE PEOPLE SCARED? SPX500 AUS200 FRA40 GER30 UK100 JPN225
I present you 6 stocks with the same pattern action.
SPX500
AUS200
FRA40
GER30
UK100
JPN225
Contrary to popular belief, I don't see any preference of expecting stocks to crash. I just see scared investors because prices touched the support levels, so everyone is panicking about it.
This also happened last year on October, many people panicking that it was going to crash but it was just a correction. Bubbles don't end until proven exploded.
Why?
Because the major support level just bounced. Look at the symmetrical support and resistance lines, they haven't been broken in all stocks. They all bounced.
I am not saying it will go up or down. I am just trying to clarify that the trend still continues, although it can be an excellent opportunity to buy while this hasn't been broken. Just don't let your emotions kick in.
As always, keep it safe.
SPX500AUS200FRA40GER30UK100JPN225Contrary to popular belief, I don't see any preference of expecting stocks to crash. I just see scared investors because prices touched the support levels, so everyone is panicking about it.
This also happened last year on October, many people panicking that it was going to crash but it was just a correction. Bubbles don't end until proven exploded.
Why?
Because the major support level just bounced. Look at the symmetrical support and resistance lines, they haven't been broken in all stocks. They all bounced.
I am not saying it will go up or down. I am just trying to clarify that the trend still continues, although it can be an excellent opportunity to buy while this hasn't been broken. Just don't let your emotions kick in.
As always, keep it safe.
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