Hi all !,
Back at it again with the NOOB analysis!. Your one and only.
Let's NoobRecap since JR's last TV:
We have broken down from bear flag. Support has become Resistance. Capitulation can still happen at anytime. Bottom APPEARS to be near (market will show us the floor). Sentiment is Bearish, However based on fundamentals and if and only if history repeats itself we may in for another leg down before market shows us the floor most likely between (Dec-March) or before.
Based on past experience, the market tends to move in the opposite direction people want it to in the short term and go in favor of those in the long term. That being said, any closer timeframes (as a noob) I've learn is asking for trouble.
** I'm not a financial advisor, this is not recommendation to buy or sell. It's to be used for educational purposes only. So please do add your 2 cents.**
Thank for reading and hope you can get some helpful information in here ! (Like/comment to support me ! )
- jr317 -
Back at it again with the NOOB analysis!. Your one and only.
Let's NoobRecap since JR's last TV:
We have broken down from bear flag. Support has become Resistance. Capitulation can still happen at anytime. Bottom APPEARS to be near (market will show us the floor). Sentiment is Bearish, However based on fundamentals and if and only if history repeats itself we may in for another leg down before market shows us the floor most likely between (Dec-March) or before.
Based on past experience, the market tends to move in the opposite direction people want it to in the short term and go in favor of those in the long term. That being said, any closer timeframes (as a noob) I've learn is asking for trouble.
** I'm not a financial advisor, this is not recommendation to buy or sell. It's to be used for educational purposes only. So please do add your 2 cents.**
Thank for reading and hope you can get some helpful information in here ! (Like/comment to support me ! )
- jr317 -