50% Retracement Bounce and then New Lows
Updated
Historically, when markets drop 15-20% off the highs at start of bear markets we always get a 50% retracement bounce. Expect a bounce from this level before making new lows.
Note
Right now you can see this bounce is playing outTrade closed: target reached
Retracement target has been hit. Hitting heavy resistance levels now.
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