The Calm Before the Storm: A Waterfall-like Decline is Coming...
Aggiornato
https://www.tradingview.com/x/6UrBQYuW/
Today is Thursday, and with key data releases scheduled for New York trading hours and tomorrow’s much-anticipated NFP and unemployment figures, the market is far from quiet. My advice for today is to focus on selling, despite the possibility of some upward movement. However, from a daily chart perspective, the likelihood of a downturn is much stronger.
The 5-day moving average (MA5) has already turned downward, and it’s just a matter of time before the bearish trend takes hold. When it does, this won’t be just a simple correction like we saw last time. I’m predicting a waterfall-like decline.
Here’s my anticipated price action: a drop to around 2600, followed by a short rebound to approximately 2630, and finally, a deeper plunge to the 2570 region.
Today is Thursday, and with key data releases scheduled for New York trading hours and tomorrow’s much-anticipated NFP and unemployment figures, the market is far from quiet. My advice for today is to focus on selling, despite the possibility of some upward movement. However, from a daily chart perspective, the likelihood of a downturn is much stronger.
The 5-day moving average (MA5) has already turned downward, and it’s just a matter of time before the bearish trend takes hold. When it does, this won’t be just a simple correction like we saw last time. I’m predicting a waterfall-like decline.
Here’s my anticipated price action: a drop to around 2600, followed by a short rebound to approximately 2630, and finally, a deeper plunge to the 2570 region.
Trade attivo
It's falling, very good
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.