BAUTO, a Purebear stage...
The downtrend has been ongoing since mid-July 2024, and while the market has shown persistent bearish pressure.
Although the downtrend has been prolonged, these early signs of change could suggest that the market is ready for a shift. It’s important to monitor key support levels and price action closely, as this could be the beginning of a turnaround.
While caution is still necessary, the emerging reversal signals could present an opportunity for those watching closely. Patience will be key as the situation unfolds.
Disclaimer: The mentioned stocks are based solely on personal opinions for educational and discussion purposes only. There are no buy or sell recommendations. Trading involves financial risk, and you are responsible for your own decisions. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the information contained herein.
Although the downtrend has been prolonged, these early signs of change could suggest that the market is ready for a shift. It’s important to monitor key support levels and price action closely, as this could be the beginning of a turnaround.
While caution is still necessary, the emerging reversal signals could present an opportunity for those watching closely. Patience will be key as the situation unfolds.
Disclaimer: The mentioned stocks are based solely on personal opinions for educational and discussion purposes only. There are no buy or sell recommendations. Trading involves financial risk, and you are responsible for your own decisions. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the information contained herein.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.