Zoom out for a clearer picture
the stock market has finally reversed some of its amazing gains from the previous years of free fed money.
The couple of lines i have drawn are crucial to watch because
1 st line. They were the highs which market breached before the rally
2 nd line those are the lows of the 2020 covid dump.
These are 2 areas where there was buying pressure. Technically bollinger bands are indicating volatility in the markets -
the last 2 recessions - during the dot com bubble markets fell about 50%, and again ~50% during the 2008 recession.
How much this time? no one knows. its already down 20% from previous high, As traders, we can only manage the risk we take. Without taking risk you can't make profits.
Good luck all. Be careful!
The couple of lines i have drawn are crucial to watch because
1 st line. They were the highs which market breached before the rally
2 nd line those are the lows of the 2020 covid dump.
These are 2 areas where there was buying pressure. Technically bollinger bands are indicating volatility in the markets -
the last 2 recessions - during the dot com bubble markets fell about 50%, and again ~50% during the 2008 recession.
How much this time? no one knows. its already down 20% from previous high, As traders, we can only manage the risk we take. Without taking risk you can't make profits.
Good luck all. Be careful!
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.