Red week again! Consolidation for next leg up or down?! We ...

Red week again! Consolidation for next leg up or down?!

We were leaning bearish this week and we were right to do so. We are leaning bearish for the weeks to come ahead as technicals and flows are bearish as warned since 16th june.

Markets has shown significant weakness and if you dont see it, you are about to get trapped towards the downside.

Markets usually tend to drop slowly before it accelerates because the first drop will be deemed as a pullback catching the bulls who buy the dip thinking it goes higher. Once the relief rally ends and the next leg down starts, it usually is the larger and faster leg because those who bought those dips start to cut off loss excabating the move downwards.

Key is to know whether this is a pullback to go higher or only the start of the next leg down!

Watch the video as I share technicals on why it is leaning bearish the next couple of weeks at least.

We dont nail tops and bottoms through luck. Because you can be lucky a few times, but when you keep doing it, its due to experience, knowledge of technicals and also knowledge of market flows!

As always, trade safe and invest wise!

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