IBOV on trapzone
Hello guys.
Today there`s nothing too deep to say. People are buying news, and they will suffer the consequences. I`ve been busy trading intraday future market, since this is the most profitable and ~risk free~ thing to do right now (position trading is pure madness right now, this is MY opinion). Things are still uncertain, financial institutions dont have any concrete data to measure the economical damage that COVID-19 will cause. Everything they are throwing on media right are pure guesses, don`t believe in this bullshit, that`s my advice for you guys, trade the graph!!!
These green candles dont have enough volume and they will face a tough selling pressure once they reach ma20 and the 38,2% retracement of previous movement. Today we`ve closed below this white fibbo, which is the 50% level of 2016-2020 bullrun. So, if you are looking for buying opportunities, TAKE CARE. This is my advice guys.
Feel free to comment and hit the thumbs up button, your help is appreciated!!
Today there`s nothing too deep to say. People are buying news, and they will suffer the consequences. I`ve been busy trading intraday future market, since this is the most profitable and ~risk free~ thing to do right now (position trading is pure madness right now, this is MY opinion). Things are still uncertain, financial institutions dont have any concrete data to measure the economical damage that COVID-19 will cause. Everything they are throwing on media right are pure guesses, don`t believe in this bullshit, that`s my advice for you guys, trade the graph!!!
These green candles dont have enough volume and they will face a tough selling pressure once they reach ma20 and the 38,2% retracement of previous movement. Today we`ve closed below this white fibbo, which is the 50% level of 2016-2020 bullrun. So, if you are looking for buying opportunities, TAKE CARE. This is my advice guys.
Feel free to comment and hit the thumbs up button, your help is appreciated!!
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