The beginning of the carry trade unwind part 2?

20 Şub

If we look at the chart, the current structure looks very similar to what happened right before the market decline in August.

We've formed a head and shoulders (albeit not perfect as it's slanted), and price seems to be breaking down.

If price action accelerates to do downside, it's likely to take the market with it just like it did the last time.

Paying attention to this over the coming weeks.

26 Nis

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