In my previous post, I highlighted the formation of an H&S pattern and mentioned that a rally could occur around the 23,000 level. Once that target was reached, a rebound was expected, and indeed, the market has bounced back. However, as long as the market remains below the 24,500 level on a daily close, we can expect a drop to around 21,900, which represents the 38% retracement of the recent rally. Ultimately, the market could head towards the 19,000 handle, which aligns with the 50% retracement.
Downtrends are often sharp and volatile across various asset classes, so buying into dips may not be the most effective strategy. It's better to wait for the market to consolidate at key levels before making any entries. Remember, the markets are always there, and patience can often yield better opportunities.
Downtrends are often sharp and volatile across various asset classes, so buying into dips may not be the most effective strategy. It's better to wait for the market to consolidate at key levels before making any entries. Remember, the markets are always there, and patience can often yield better opportunities.
Do what others don’t know, and don’t do what others know.
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Do what others don’t know, and don’t do what others know.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。