Hi everyone,
As you can see we have already break the bear channel. The price has respect the bull-channel and the 200 simple moving average around the soport 23. In addition a rejection candle appeared (a hummer).
We can expect for the next week a new high above 45 level.
Alternative Scenario, if we lose the bullish channel and break below the 23 we can consider to see a new higher highs in the NYSE.
The economic and sanitary conditions actuals, don't invite you to bet for a bull-market, but we have the Fed that will do everything possible to stop the market decline, even if it is a simple correction
As you can see we have already break the bear channel. The price has respect the bull-channel and the 200 simple moving average around the soport 23. In addition a rejection candle appeared (a hummer).
We can expect for the next week a new high above 45 level.
Alternative Scenario, if we lose the bullish channel and break below the 23 we can consider to see a new higher highs in the NYSE.
The economic and sanitary conditions actuals, don't invite you to bet for a bull-market, but we have the Fed that will do everything possible to stop the market decline, even if it is a simple correction
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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.