Bearish trend retracement
We have few factored that are playing major role in directing our view that we still in a very bearish market.
1.We have a zone which was acting as a support and market broke through it. It was tested last week Wednesday and the bears came in harsh Thursday.
2. Last week thursday 16 June market showed great momentum to the downward move after fed released the rate hike. Showing no confidence even after the a big interest hike.
3. The market has Been inside a bearish momentum in the past three days from Friday till today.
IT IS SAFE TO LET THE MARKET GET TO THE ZONE OR THURSDAY HIGH BEFORE DECIDING
1.We have a zone which was acting as a support and market broke through it. It was tested last week Wednesday and the bears came in harsh Thursday.
2. Last week thursday 16 June market showed great momentum to the downward move after fed released the rate hike. Showing no confidence even after the a big interest hike.
3. The market has Been inside a bearish momentum in the past three days from Friday till today.
IT IS SAFE TO LET THE MARKET GET TO THE ZONE OR THURSDAY HIGH BEFORE DECIDING
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