Daily analysis (10/2) sudden drop due to Middle East situation? However, in the medium term perspective, there were already bad premonitions? 🤔
【Technical Analysis (Overall Rating: 1.5/5)】
Points
In the short to medium term perspective, it seems that the trend has completed a cycle. While caution is necessary, is it okay to buy occasionally? It is not an exaggeration to say that the trend and overheating have cooled down significantly. There is a possibility of further cooling in the future.
☆ Market Sentiment (1.5/5)
Chart Patterns.
Short-term perspectiveAt the beginning of the market, there was a significant drop. After the selling pressure eases, a double bottom is formed, and there is a temporary rise, but there is another sharp drop in the later market.
Medium-term perspectiveBoth the Elliott waves 'impulsive 5 waves and corrective 3 waves' are confirmed. It is believed that there are impulsive 5 waves from 9/24 to 27, followed by corrective 3 waves from 9/28 onwards.
Moving average line
During the double bottom formation, a golden cross occurs at the 5/21-day moving average line, but a death cross occurs towards the end of the market. In the medium term perspective, it is possible to temporarily break through the 200-day moving average line on 10/1, but eventually fall below.
It seems like the trend has completed one cycle.I can't be careless, but is it okay to buy occasionally?
☆ Trend (1/5)
DMI.
PDI-ADX is trending downward / MDI is rising, on the verge of a cross in PDI/MDI/ADX.
There is a high possibility of re-entering a downtrend. The trend seems strong.
☆ Volatility and overheating (2/5).
RSI × MACD
・RSI plummeted from 60 to near 30 right after the market opened. It recovered to near 50 when forming a double bottom, but then dropped sharply to around 35 again. MACD experienced a dead cross in the negative zone towards the end of the market.
The market is rapidly cooling down. Is there a possibility of further cooling down in the future?
Historical Volatility
Throughout the day, there was a gradual impression of price declines. However, rapid volatility increased with a sudden decline towards the end.
The last sharp rise was impressive. Does it suggest a sharp decline at the market opening today?
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ぴるさん OP : Yesterday, "Today is going well!" he said, but it was completely different from a medium-term perspective.
I need to study more about this.
codeOZ(家長) : Financial estimates can be off because the situation changes when you act based on those estimates. Studying beyond the basics has poor cost performance.。