Danger Ahead
$Dow Jones Industrial Average (.DJI.US)$ Seems like the daily chart been breakout below the neckline of double top, previously was thinking, what happened with the weird market that causing such big drop... seem like weakening economy data, weakening USD, bad labor report, political tension, upcoming election and many factors seem keep on surfacing and what's more there that we are not expected..
Really gotta expect those unexpected now... based on daily RSI, already showed weak momentum, looking back on longer terms - weekly RSI, it showed lots of divergence, a sign of reversal trend
Seem that need to be Careful and observe before make any decision, be patient, do not rush in such time. Many been think to catch a good price now, but from my POV, better observe than to take any action OR entrance with the most minimal fund, not all in
As the chart been signaling that, reversal is coming, once next Monday candlr retest neckline and Tuesday come with confirmation candle, it is almost certain the reversal had begun
unless it keep wondering around the neckline and forming a sideway, by the, wait for confirmation then only enter into the market, either up or down, better to wait and watch
we afford to wait, as cash still in our own pocket, once all in, our money will stuck in there 😣, by the time if we have see or facing better opportunity, but our cash stuck in the market, that time will be too late for us
Just my personal opinion for my own study case and education purpose
No buy or sell call
even myself also still stuck with some stocks in hand 😪
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74428254 : Thank you for the advice. I know the waters are rough right now. Be safe trading and have a plan.
Jalapenoterry65 : I’ll take them if you don’t want them, please.
新手谷多多 : Thank you for reading your information. I have high-ranking Tesla stocks, buy on dips to reduce costs, or just wait and take another look