History repeating with the Bear Market Rally or not?
Top 40 is once again testing our patience...
THe price broke below the M Formation, just to go back up to test an important downtrend level.
We've seen this before with the strong buying price action, before the crash.
So will history repeat itself?
We will only know after the next two or three days.
The price needs to either break up and trick everyone.
Or touch the downtrend and come back down.
The strongest sign we have of downside is lagging indicators
200>21>7... That's the only thing that brings clarity to the markets...
THe price broke below the M Formation, just to go back up to test an important downtrend level.
We've seen this before with the strong buying price action, before the crash.
So will history repeat itself?
We will only know after the next two or three days.
The price needs to either break up and trick everyone.
Or touch the downtrend and come back down.
The strongest sign we have of downside is lagging indicators
200>21>7... That's the only thing that brings clarity to the markets...
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.