After a double pick at 310$ and a middle bottom at 222$, the graphic formed an "M" so it's possible a further fall, a long retracement until 80& from March 2020 (137$ ish).
it's possible that march's market fall was a "D" signal for a good long raise until E above the canal.
Has now starting a new wave cycle?
Personally, if tomorrow baba will starts to bear, I will sell them.
Hi,
There are rumours about a second market fall at the end of July, which will involve mainly Nasdaq / hi-tech companies, this time.
If it will eventually happen, combining fixed-range volume and Fibonacci retracement, I discover an interesting support area between 2500 and 2300, fixed range volume tool confirm such area and stands 2380 as breakpoint.
We are...
I think I've just found the last trend line bearish breakpoint within the rising channel. FTSE 100 price trend fo today seems to confirm it.
Maybe it's a good time to buy.
Any thoughts?
Cheers,
V.
I'm not a market expert, just a beginner but I tried to compare this crisis with previous ones and the fall we had in march 2020 is more similar to 2008/2009 and 2019 ones rather than the 29'.
The situation is different: in 29', the global market collapsed for other much bigger systemic reason. Now stock market has fallen because of 3 months lockdown; the...
