Some key levels have been broken and also the market did reverse after taking the all-time highs. The momentum to the upside was fading and it is evident from the smaller ascending channel formed when the all-time high was taken out. Right after that, the market broke the ascending channel with momentum and this also adds up the possibility for a sell-off in the near future.
Expecting a crash to at least the lower trendline of the larger ascending channel. If price couldn't hold those levels then we can expect further sell-off.
I'll be booking profits in individual stocks if they are close to inflection levels and thereby maintaining some cash positions to prepare for this crash.
Expecting a crash to at least the lower trendline of the larger ascending channel. If price couldn't hold those levels then we can expect further sell-off.
I'll be booking profits in individual stocks if they are close to inflection levels and thereby maintaining some cash positions to prepare for this crash.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.