As the chaos of uncertainty reigns: tariffs on and off again, government shut downs, DOGE hunting down government subsidized industries, we can see a trend change from our general upward long term moves from the past year.
Not only this but we have returned to the bearish channel with many attempts to break and turn resistance to support to no avail. How long will it last? First step is to identify a solid exit out of this channel with a confident market support test on the upper channel.
Until then we will follow this trend with dead cat bounces until the dust settles.
Not only this but we have returned to the bearish channel with many attempts to break and turn resistance to support to no avail. How long will it last? First step is to identify a solid exit out of this channel with a confident market support test on the upper channel.
Until then we will follow this trend with dead cat bounces until the dust settles.
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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.