FALLING MARKET AHEAD ?
My suggestion on the market right now is that if wee see another selling period, we will see it today or at least within the next few days.
(Look for the 20EMA in the daily and the bearish cloud in the H4 chart.)
In my view the market also was a bit to optimistic in the last few days especially about the virus situation in the US.
As you can see we're standing right in front of key levels in my technical view.
It would also be the 5th wave of the wave count in bearish direction.
So look for another phase of selling pressure, get some liquidity to take your chances if you see the same constellation.
But be careful, look for your risk management, all trading involves a substantial risk of loss.
(Look for the 20EMA in the daily and the bearish cloud in the H4 chart.)
In my view the market also was a bit to optimistic in the last few days especially about the virus situation in the US.
As you can see we're standing right in front of key levels in my technical view.
It would also be the 5th wave of the wave count in bearish direction.
So look for another phase of selling pressure, get some liquidity to take your chances if you see the same constellation.
But be careful, look for your risk management, all trading involves a substantial risk of loss.
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