On the way to around 3166?
For now we only knew the way up. But what goes up also needs to come down...
like in the previous chart i said we're bending over and loosing the strenght, heading to the support trend line IF that breaks, really seeing the way to the 61.8° fib (not in one move off course,it will take time).
breaking the 200WMA around 3400 (50°fib) going to 61.8°fib also we have a support trend line overthere. In the RSI there is a strong resistance line and in this times it(s very hard to cros that line.
Actually we're helping the economy with printing money but if it goes good, we're leaving it, BUT why not just leave it also when it goes bad?
Question is ARE we helping? Look at the inflation what's going on...
At the end it will recover by itself okay it will hurt a lot and will take time to recover. But like this,probably it's just delaying for splashing this big bubble.
Maybe this variant of the corona virus is perfect moment for the money makers to wash out the market and create a big sell off.
IF this virus is resistant to the vaccine, again for them it would be the perfect moment.....
For now we only knew the way up. But what goes up also needs to come down...
like in the previous chart i said we're bending over and loosing the strenght, heading to the support trend line IF that breaks, really seeing the way to the 61.8° fib (not in one move off course,it will take time).
breaking the 200WMA around 3400 (50°fib) going to 61.8°fib also we have a support trend line overthere. In the RSI there is a strong resistance line and in this times it(s very hard to cros that line.
Actually we're helping the economy with printing money but if it goes good, we're leaving it, BUT why not just leave it also when it goes bad?
Question is ARE we helping? Look at the inflation what's going on...
At the end it will recover by itself okay it will hurt a lot and will take time to recover. But like this,probably it's just delaying for splashing this big bubble.
Maybe this variant of the corona virus is perfect moment for the money makers to wash out the market and create a big sell off.
IF this virus is resistant to the vaccine, again for them it would be the perfect moment.....
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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.