the stock market has finally reversed some of its amazing gains from the previous years of free fed money.
The couple of lines i have drawn are crucial to watch because
1 st line. They were the highs which market breached before the rally
2 nd line those are the lows of the 2020 covid dump.
These are 2 areas where there was buying pressure. Technically bollinger bands are indicating volatility in the markets -
the last 2 recessions - during the dot com bubble markets fell about 50%, and again ~50% during the 2008 recession.
How much this time? no one knows. its already down 20% from previous high, As traders, we can only manage the risk we take. Without taking risk you can't make profits.
Good luck all. Be careful!
The couple of lines i have drawn are crucial to watch because
1 st line. They were the highs which market breached before the rally
2 nd line those are the lows of the 2020 covid dump.
These are 2 areas where there was buying pressure. Technically bollinger bands are indicating volatility in the markets -
the last 2 recessions - during the dot com bubble markets fell about 50%, and again ~50% during the 2008 recession.
How much this time? no one knows. its already down 20% from previous high, As traders, we can only manage the risk we take. Without taking risk you can't make profits.
Good luck all. Be careful!