Don't get FOMO based on the election rally as that is what it was intended to do. All of 2024 has been building ramped volume for a stop hunt back to 39,000.
Real support is at 38,000-39,000. I don't know how long it will take to get back down there as the market is still in the up phase and the top hasn't formed yet.
A major clue for me is that the biggest candle of the entire year just so happens to be at the all time highs. This is a signal for an exhaustion candle. This is not a sign for an igniting candle.
An exhaustion candle is designed to get people to chase higher due to FOMO. Once everyone that is a buyer is in, the market starts to tumble.
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.