With the events that are currently spurring around the world it poses a great question as to whether a bear market is possible to be sparked in this climate. Only time will tell, but the historical trend line on this chart by itself looks plausible...
50%+ declines have been seen numerous times throughout the past 100 years, and as its been a longer than usual period without a sharp decline that could signal one to be just around the corner.
- COVID-19
- OIL price war
- Historically low interest rates to spark consumer spending (stimulate the economy)
- High house prices
- Manufacturing slowdown (especially in the EU)
I'll be consulting this chart in 5 years time to see how wrong I was - or right...
50%+ declines have been seen numerous times throughout the past 100 years, and as its been a longer than usual period without a sharp decline that could signal one to be just around the corner.
- COVID-19
- OIL price war
- Historically low interest rates to spark consumer spending (stimulate the economy)
- High house prices
- Manufacturing slowdown (especially in the EU)
I'll be consulting this chart in 5 years time to see how wrong I was - or right...
Nota
1st area of large support at $2350 approaching.Nota
Nota
Both bull (trap) and bear scenarios at this stage. The bull option could see a test of the previously broken trend line up to the 50 fib level and a possible further decline from there. The bear option could present a failed retest of the downwards trend line to new lows:
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.
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.