On 11/7, the candlestick chart is of interest.
Today, the Bollinger Band lagging line is being observed. Since 10/30, it is once again showing a green ▼.
As of 9:20 in the morning, it has formed a long upper shadow bearish candlestick, indicating a Trump trade profit-taking and retracement.
Amidst the volatile market due to the election and the FOMC, it's a good idea not to rush into trading. However, from a Bollinger Band lagging line perspective, the chart seems to have reached a normal peak. Considering that the USA has been experiencing high interest rates leading to high stock prices, it may be time to be cautious.
As of 9:20 in the morning, it has formed a long upper shadow bearish candlestick, indicating a Trump trade profit-taking and retracement.
Amidst the volatile market due to the election and the FOMC, it's a good idea not to rush into trading. However, from a Bollinger Band lagging line perspective, the chart seems to have reached a normal peak. Considering that the USA has been experiencing high interest rates leading to high stock prices, it may be time to be cautious.
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