We can see that the market made a new high this week but with negative divergence on the 4h chart.
Do not forget that this market is following what is happening with the stock market and the indexes like SP500.
This 5th wave of market correction has matured this week and potentially in my opinion it looks like this upcoming week we will see big sell off and risk off in the financial markets.
Again this is just what I see and only for educational purposes.
Have a great weekend.
Do not forget that this market is following what is happening with the stock market and the indexes like SP500.
This 5th wave of market correction has matured this week and potentially in my opinion it looks like this upcoming week we will see big sell off and risk off in the financial markets.
Again this is just what I see and only for educational purposes.
Have a great weekend.
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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.
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.