The crash has happened, with 10,000 points lost in two days. The plot over these two days is probably something not a hundred B friends could have imagined. Moreover, the daily chart has broken the range of 83,000-84,000, so respecting market facts, it’s unlikely to see an upward trend in February. The discussion here is about the potential early arrival of a weekly downtrend, meaning the dog whale might not be doing the right shoulder anymore. The subsequent market will revolve around the weekly MA120, with sideways movement around 80,000 to complete the low-position distribution before another crash. Of course, there’s also a possibility of a false breakdown below 80,600 to attract liquidity, then pulling back near 80,000 for sideways trading, followed by further decline. So, there are no miracles ahead—only a crash. B friends, be mentally prepared.
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The crash has happened, with 10,000 points lost in two days. The plot over these two days is probably something not a hundred B friends could have imagined. Moreover, the daily chart has broken the range of 83,000-84,000, so respecting market facts, it’s unlikely to see an upward trend in February. The discussion here is about the potential early arrival of a weekly downtrend, meaning the dog whale might not be doing the right shoulder anymore. The subsequent market will revolve around the weekly MA120, with sideways movement around 80,000 to complete the low-position distribution before another crash. Of course, there’s also a possibility of a false breakdown below 80,600 to attract liquidity, then pulling back near 80,000 for sideways trading, followed by further decline. So, there are no miracles ahead—only a crash. B friends, be mentally prepared.