I have created another chart better explaining my thought process.
It looks like the support BB and my green triangle are showing truth. I am keeping an eye out for anything just below 2800 to sell. And will allow it to come back down to 2500+. These are small buy/sell calls as we go fourth with the end of the bull run.
As I keep suggesting, we are on a down trend. But it looks like everyone's denial is allowing the market to tread sideways for a bit longer.
Keep an ear out for any major news because that seems to be the only thing (obviously) that can de-rail our path/patterns.
This is not financial advice, good luck.
It looks like the support BB and my green triangle are showing truth. I am keeping an eye out for anything just below 2800 to sell. And will allow it to come back down to 2500+. These are small buy/sell calls as we go fourth with the end of the bull run.
As I keep suggesting, we are on a down trend. But it looks like everyone's denial is allowing the market to tread sideways for a bit longer.
Keep an ear out for any major news because that seems to be the only thing (obviously) that can de-rail our path/patterns.
This is not financial advice, good luck.
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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.
Related publications
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.