Has the Twilight Zone with the World Markets ended? -DOWN we go!
If you've just been a position (swint trader) with shares this year.
You'll know it's been bvery difficult and challening.
We've seen world markets move in a sideways motion which I like to call the Twilight Zone.
FTSE 100 - UK-
DAX 30 - Germany
CAC 40 - France
ASX 200 - Australia
It breaks down, it goes back up into the range.
It breaks up and it goes back down into the range.
The only semblance of hope right now is that the price has broken BELOW the range and has remained below the 200MA Blue LIne.
This means, the markets are more likely to be and stay in the downtrend for the next couple of weeks and months.
And we might need to look to short (sell) more than we go long and buy.
The overall trend is down right now, but for how long?
We as traders can only react and anticipate based on what we see in front of our eyes.
It's all we can do really with strict money management principles to preserve and protect.
You'll know it's been bvery difficult and challening.
We've seen world markets move in a sideways motion which I like to call the Twilight Zone.
FTSE 100 - UK-
DAX 30 - Germany
CAC 40 - France
ASX 200 - Australia
It breaks down, it goes back up into the range.
It breaks up and it goes back down into the range.
The only semblance of hope right now is that the price has broken BELOW the range and has remained below the 200MA Blue LIne.
This means, the markets are more likely to be and stay in the downtrend for the next couple of weeks and months.
And we might need to look to short (sell) more than we go long and buy.
The overall trend is down right now, but for how long?
We as traders can only react and anticipate based on what we see in front of our eyes.
It's all we can do really with strict money management principles to preserve and protect.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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