1000 points away from the pre-covid-crash level, the TSX has printed a broadening wedge and broken through it.
It's now travelling down quickly in a parallel channel.
Outlook not so good. The broadening wedge is a rare and highly predictable indicator of a reversal of trend.
Time to cash out and sit on the sidelines. This is more of an exit point than an entry point...
It's now travelling down quickly in a parallel channel.
Outlook not so good. The broadening wedge is a rare and highly predictable indicator of a reversal of trend.
Time to cash out and sit on the sidelines. This is more of an exit point than an entry point...
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.
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.