My Bearish view of ASX200 and When to enter for the Long Term.
For those that use the "Fib Speed Resistance Fan", our XJO hit 0.25 and retraced.
Could we retrace back to the 0.382 in the coming days/weeks?
Also, I wish I have found this earlier!! This has correctly forecasted the support line during the March lows.
Furthermore, a good entry point for investing in the long term is when the " William R" is below the yellow and is rising from the bottom.
The last three times this has picked the bottom!
I will be watching these indicators at the next sell-off.
Could we retrace back to the 0.382 in the coming days/weeks?
Also, I wish I have found this earlier!! This has correctly forecasted the support line during the March lows.
Furthermore, a good entry point for investing in the long term is when the " William R" is below the yellow and is rising from the bottom.
The last three times this has picked the bottom!
I will be watching these indicators at the next sell-off.
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Checkout 2003, 2009 and 2020.
