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trent3727

6,596 Posts.

216

24/02/20

17:46

Post #: 43119480
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Originally posted by AverageJoe: ↑

If you are going to stretch that far then you will need more than a daily chart, patience and very big stops. Technically the trend is still bullish, higher lows and a break of 2011 peak is the confirmation of tgd LT trend.

Momentum is bullish currently regardless of the reasons from a TA perspective. I anticipated wrongly that Iran crisis higher capped price and it did temporary but the key thing is the virus is now riling markets. Sell off drives sell off until such point when we have evidence of mitigation controlling it is successful.

According to news, incubation period could extend even more than then accepted 14 days. If true, we are looking at stealth infection that has already taken place, SK/Japan are probably early signs are infections spiked last week. Italy now following suit and could be the window into Europe!

My bad feeling on Friday is now gathering momentum when gold shit through strongly. Hence I did ask if you use a stop to tell you if you are wrong.

good luck.

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" If you are going to stretch that far then you will need more than a daily chart, patience and very big stops."
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0 Great analysis

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