Hourly Chart: Reverse cup and handle pattern (Bearish)
Daily Chart: getting out of Bullish regression Channel and Higher-high higher-low pattern(Bearish)
Weekly Chart: Closing at lower levels for 4 weeks in a row for the first time in the past 80 weeks! (Bearish)
Monthly Chart: September was the Biggest monthly negative candle (-5.73%) in the past 18 months! (Bearish)
Conclusion: I believe this could continue for the next 2-3 weeks and we may find a support level near 14050 level.
Being patient in a market like this will pay off and provide good opportunities, however, you should not forget the best friend you have in the market is your "Stop Loss".
Daily Chart: getting out of Bullish regression Channel and Higher-high higher-low pattern(Bearish)
Weekly Chart: Closing at lower levels for 4 weeks in a row for the first time in the past 80 weeks! (Bearish)
Monthly Chart: September was the Biggest monthly negative candle (-5.73%) in the past 18 months! (Bearish)
Conclusion: I believe this could continue for the next 2-3 weeks and we may find a support level near 14050 level.
Being patient in a market like this will pay off and provide good opportunities, however, you should not forget the best friend you have in the market is your "Stop Loss".
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.