With a new ATH, the dip is a norm...
Major Supply and demand areas come into play we're sellers are found selling the top and buyer are found buying the dip.
This creates the dip and rally as seen in the bar patterns.
With the topic of interest rates continuously been thrown at us we can expect the worse.
This combined with new found variants of the virus brings with it concerns of lockdowns, supply and demand etc.
These concerns extend to most investors who prefer to play safe and hold their investments in their pockets rather than in stocks.
These concerns together with the the fear created with it will most definitely bring along bearish pressure...
The strength of bearish pressure and supply support can't be determined by technicals and time will tell...
Major Supply and demand areas come into play we're sellers are found selling the top and buyer are found buying the dip.
This creates the dip and rally as seen in the bar patterns.
With the topic of interest rates continuously been thrown at us we can expect the worse.
This combined with new found variants of the virus brings with it concerns of lockdowns, supply and demand etc.
These concerns extend to most investors who prefer to play safe and hold their investments in their pockets rather than in stocks.
These concerns together with the the fear created with it will most definitely bring along bearish pressure...
The strength of bearish pressure and supply support can't be determined by technicals and time will tell...