Something major spooked markets all over the world today. There are loads of theories out there. For Technical Analysts, it doesn't matter too much. 'We' just need to catch the change in sentiment in time.
The India50 - often called the NIFTY - made a massive trend switch - best seen on the 1H time frame. Big dumps like these usually see follow through - how far, is another question.
But in markets that have been madly bullish, one can expect rebellions as Robinhoods buy the dip.
The snapshot shown is early days. I'll follow up on this one. Stay tuned! 😄
Disclaimers: This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
The India50 - often called the NIFTY - made a massive trend switch - best seen on the 1H time frame. Big dumps like these usually see follow through - how far, is another question.
But in markets that have been madly bullish, one can expect rebellions as Robinhoods buy the dip.
The snapshot shown is early days. I'll follow up on this one. Stay tuned! 😄
Disclaimers: This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
Comment:
What happened:
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