Hourly Chart: Reverse cup and handle pattern (Bearish)
Daily Chart: getting out of Bullish regression Channel and Higher-high higher-low pattern(Bearish)
Weekly Chart: Closing at lower levels for 4 weeks in a row for the first time in the past 80 weeks! (Bearish)
Monthly Chart: September was the Biggest monthly negative candle (-5.73%) in the past 18 months! (Bearish)
Conclusion: I believe this could continue for the next 2-3 weeks and we may find a support level near 14050 level.
Being patient in a market like this will pay off and provide good opportunities, however, you should not forget the best friend you have in the market is your "Stop Loss".
Daily Chart: getting out of Bullish regression Channel and Higher-high higher-low pattern(Bearish)
Weekly Chart: Closing at lower levels for 4 weeks in a row for the first time in the past 80 weeks! (Bearish)
Monthly Chart: September was the Biggest monthly negative candle (-5.73%) in the past 18 months! (Bearish)
Conclusion: I believe this could continue for the next 2-3 weeks and we may find a support level near 14050 level.
Being patient in a market like this will pay off and provide good opportunities, however, you should not forget the best friend you have in the market is your "Stop Loss".
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.