I have no fundamental reason to back this up aside from the chart in front of me..
If we break out of this descending channel + back above resistance, then this idea is moot, but for now, I would like to see some weakness over the coming weeks to validate this idea.. which would line up nicely with a less-bearish September/bullish October for equities/risk assets.
If we break out of this descending channel + back above resistance, then this idea is moot, but for now, I would like to see some weakness over the coming weeks to validate this idea.. which would line up nicely with a less-bearish September/bullish October for equities/risk assets.
Trade active
Dropping as expected
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.