We may derive the following from the Weekly J200 chart:
1. Price has dropped significantly over the past two weeks.
2. At present, price appears to be correcting.
3. It is probable that after a short term correction, price will continue to decline to the major support level (orange box).
4. Wait for a correction pattern to sell.
5. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. Price has dropped significantly over the past two weeks.
2. At present, price appears to be correcting.
3. It is probable that after a short term correction, price will continue to decline to the major support level (orange box).
4. Wait for a correction pattern to sell.
5. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
Note
Well that was quick...
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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.