As shown on the chart , we are deffently in a bear market on this one no douth about that.
But where is it gonna go next.
As the chart shown, we are on the 420-440 course and if that line dont hold we can see 377 but again the indicatores are very negative all aroundt and maybe even to much so and pull back or small gain to 490-520 is not out of the way befor it can continue down ( or start an new uptrend there )
BUT we have to follow the trend to see where it wanna go so we can TRY to find the bottum and then you say what is the bottum , well thats up to your way of traning when you should go in a trade, we are very defferent on how we all trade , some use support lines orther use MA lines and som priceaction and some wait for the hole trend to be positive befor jumping in , so again its up to each one of us, when we THINK its time ..
All i can is to show you the big picture and hope it helps you get a better entry point for your trading.
Good luck.
But where is it gonna go next.
As the chart shown, we are on the 420-440 course and if that line dont hold we can see 377 but again the indicatores are very negative all aroundt and maybe even to much so and pull back or small gain to 490-520 is not out of the way befor it can continue down ( or start an new uptrend there )
BUT we have to follow the trend to see where it wanna go so we can TRY to find the bottum and then you say what is the bottum , well thats up to your way of traning when you should go in a trade, we are very defferent on how we all trade , some use support lines orther use MA lines and som priceaction and some wait for the hole trend to be positive befor jumping in , so again its up to each one of us, when we THINK its time ..
All i can is to show you the big picture and hope it helps you get a better entry point for your trading.
Good luck.
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