After breaking though long term tech support, the DJIA has rebounded sharply on what has largely been a short-covering squeeze and some potsitive trade war rhetoric.
For me the damage was already done and this appears to be nothing more than a corrective bounce in a now down-tending market.
I would be looking at an over-extension to the 61.8% fibo retracement circa 25,800 to initiate fresh shorts with an ultimate goal of the market retesting the shaded channel 23,800-23,00.
Expect violent over-extended/exaggerated swings in what looks to be a market loaded with short gamma.
For me the damage was already done and this appears to be nothing more than a corrective bounce in a now down-tending market.
I would be looking at an over-extension to the 61.8% fibo retracement circa 25,800 to initiate fresh shorts with an ultimate goal of the market retesting the shaded channel 23,800-23,00.
Expect violent over-extended/exaggerated swings in what looks to be a market loaded with short gamma.
İşlem kapandı: hedefe ulaştı
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.