Update on my previous idea. The C wave up ended up extending into 4 waves. But that has now completed.
It's make or break for the bear market right now. Personally, I don't see us breaking out of the downtrend. But a fake-out is always possible.
Note that this technical analysis is a small part of the bearish case. The wider macro-economic environment bear case speaks for itself.
I'm long volatility via VIX Call options and CFDs.
What do you guys think?
*not financial advice.
It's make or break for the bear market right now. Personally, I don't see us breaking out of the downtrend. But a fake-out is always possible.
Note that this technical analysis is a small part of the bearish case. The wider macro-economic environment bear case speaks for itself.
I'm long volatility via VIX Call options and CFDs.
What do you guys think?
*not financial advice.
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.