The End of The Correction
In March 2020, a drop below the support level of 8214 indicated a crash in the market followed by the beginning of the COVID19 pandemic and the restrictions imposed world wide.
In September-October 2020, a correction was clear , there was no indication of a market crash as the price of the index did not break below the support line of 10658.
In February 2021, a correction was clear, momentum indicators are showing the beginning of a recovery. any bearish move above the support line of 12812 should not cause panic and fear, it would simply be another correction (and it is possible in the short term)
The world economy is recovering from the pandemic at the moment, there are no indications of a crash.
The index price can reach 14000 before the end of April 2021.
Disclaimer: This is not a trading advice, this is a personal analysis for information purposes only.
In September-October 2020, a correction was clear , there was no indication of a market crash as the price of the index did not break below the support line of 10658.
In February 2021, a correction was clear, momentum indicators are showing the beginning of a recovery. any bearish move above the support line of 12812 should not cause panic and fear, it would simply be another correction (and it is possible in the short term)
The world economy is recovering from the pandemic at the moment, there are no indications of a crash.
The index price can reach 14000 before the end of April 2021.
Disclaimer: This is not a trading advice, this is a personal analysis for information purposes only.
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