Hello Friends,
Hope you are Enjoyed the Volatility in Markets :)
Global Equity Markets Witnessed Heavy Volatility yesterday on 29th August 2017 due to the News of North Korea Missile Fire Over The Land of Japan into the Sea. Panic Spread Over the Markets taking a toll of 1 to 2% cut on all Equity Markets globally.
is it so Alarming ??
Actually the Panic is spread in Market by the Media and the Smart Investors who were Left out waiting for a correction in Stocks. They Need entry somewhere to enjoy the Bull Run and Market isn't correcting.. So SAD :)
I have already alerted about the Global Major Index 2 Months Back on my Global Markets Blog Known as FX Magician (Visit the Link here
The Dow Jones Industrial average Index Formed a Bullish Formation of Cup and Handle to get the strength for Higher Moves. The Breakout was Indicating a Move of atleast 1000 points. Many Analysts and Traders Laughed when I posted my Analysis. DOW Rallied almost 500 points after my post and Those who Laughed, started finding Next Resistance.. Anyways, I am Not Interested in anyone's views... Those who need to Check my Old Post May Visit here
What is next ?
Let's see the Chart
The Chart Posted here is Simple Line Chart on Log Scale, The Black line represents price (Many traders these days don't know about Line Charts as they focus on Candlesticks only.)
The Chart simply shows, price is still respecting the Neckline of the Cup& Handle and Just Came Down to Retest the Breakout zone, reversing again from 21680 level which is acting as a strong support being the previous breakout area. Price has moved above the Neckline again and Will Resume the uptrend.
Most of the times Markets need Breather to settle the Indicators like RSI from Overbought to Oversold sothat Markets can start moving again.
So the Conclusion is ..
Use your Brains, Don't Listen to the Crowd and Just BUY Every Dip !! This is not the end of the World yet !!
Disclaimer :
The Analyst Atul Shinde is Global Market Expert and a SEBI Certified Investment Adviser. The Author and His Clients are Having trading positions in the index and There might be a Conflict of Interest in the advice. You may Consult your Trading adviser before taking any positions. The Adviser always advice to Follow Proper Risk Management Before taking any trade.
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