- There is a global sell-off. All the markets are down, be it SPX, FTSE, DAX, etc. SGX Nifty is also tanking heavily.
- SGX Nifty may reverse or at least show some bounce from this Green box or from the next support level.
- The RSI is in oversold territory and there is a divergence on 4hr.
- I think this is a shakeout move before moving back up.
- Take positions only if you understand what you are doing, else you are going to wind up with heavy losses.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
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I build communities where traders feel understood and supported. 🔥
Trading is lonely, but it doesn’t have to be.
Want to grow with people who get it?
📈 Join my FREE Telegram → t.me/johntradingwick
🤝 Connect on Twitter → x.com/tradingwick_
Trading is lonely, but it doesn’t have to be.
Want to grow with people who get it?
📈 Join my FREE Telegram → t.me/johntradingwick
🤝 Connect on Twitter → x.com/tradingwick_
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.