The analysis is based on weekly and daily time frames, the market surged after the strong comments from FED chairman Powel at the meeting of 17th March, the increased interest rate but Powel made people sure that the economy is strong enough and far from any recession.
But some big investors think their were some dark clouds on this meeting, hence this is the last chance for bears to take market back down to the monthly lows.
But if price got rejected from here we can even see a new high, but i've bearish bais until now because of the major geopolitical tensions which could be considered as fact.
Buy the Rumour, Sell the fact!
This is market commentary not a trade advice.
Good luck to all of the learners out there. Cheers!
But some big investors think their were some dark clouds on this meeting, hence this is the last chance for bears to take market back down to the monthly lows.
But if price got rejected from here we can even see a new high, but i've bearish bais until now because of the major geopolitical tensions which could be considered as fact.
Buy the Rumour, Sell the fact!
This is market commentary not a trade advice.
Good luck to all of the learners out there. Cheers!
Komen:
Still waiting for price action in the current area.