I'm learning, not trading, do you think I've correctly identified supply and demand zones?
I'm just learning. Anyone disagree with my analysis? Feedback welcome!
I know it's a simple idea, and in 2020 the pattern has printed faster than it did in 2008-2009, but my gut is telling me history will repeat... I'm not going long untill June or July. This will be when the market forward prices the September 2020 end to the temporary Jobkeeper scheme and the Jobseeker payments reverts back from $1100 fortnightly to $550 per f/n.
I'm still learning, so any feedback on my analysis welcome. Still waiting for some indicators to confirm a potential drop. Personally I think XAO we will have a repeat of late 2008 -2009 (the GFC).
Just learning, feedback on my TA welcome, looks like a potential short opportunity...?