interesting aggressive sell off and speed of decline this time isn't it. history suggests that starting over the next 2 weeks america and australia will be hit hard by this virus as the response to subdue has been pretty anemic at government level to date.
can't help but notice the dead cat bounce in 28-32 then slow grind to downside as the longs jumping in on the bounces gradually getting outdone by the shorts until exhaustion. it's only human nature to be optimistic over the space of a 2-3 year downtrend, lol.
change in behaviour (pull back angle at a lower degree) after the break in trend is what i'd be looking for.
even then, long way to go. ho-hum, tin foil hat on.
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- Day Trader’s Weekend Aftermarket Lounge 13-15 Mar 2020
Day Trader’s Weekend Aftermarket Lounge 13-15 Mar 2020, page-245
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