Just as idle speculation, I thought I'd plot out what it might look like if we really are headed for long term support in the 242 range.
I've been hearing several calls of a bottom here... that would be awesome, but all I see is repeated failures to even get back to the downward trend line. Fundamentals seem OK, presumably this could turn around at any time, but I don't see any clear sign of that yet.
Bottoms are falling, tops are falling faster, but it doesn't look like a parabolic downward panic yet.
The current channel will take us to long term support by mid to late November unless we really have a meltdown. Either way, we would be almost exactly at the half-way point now. Enjoy another month of this...
I've been hearing several calls of a bottom here... that would be awesome, but all I see is repeated failures to even get back to the downward trend line. Fundamentals seem OK, presumably this could turn around at any time, but I don't see any clear sign of that yet.
Bottoms are falling, tops are falling faster, but it doesn't look like a parabolic downward panic yet.
The current channel will take us to long term support by mid to late November unless we really have a meltdown. Either way, we would be almost exactly at the half-way point now. Enjoy another month of this...
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.