Here was the chart of yesterday :
Here is the current chart :
As I was saying you yesterday and even some traders were very bullish, it was impossible to know which will be the direction of the Break Out. I know lot of traders who did a wrong trade today because yeah the market decided to do a DROP Break Out.
The positive thing is that a correction can be also healthy to continue the UP but the second point is that till now, it looks like the MMA50 (violet line) is holding the drop. I explained you already in the past that this line is important because when we break it, it means we are also breaking the current trend. As this is not the case till now, we still have the hope to see the UP trend coming back...
I wish you massive profits,
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
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