What you see above is a 13/14 week cycle that the market has been following ever since the crash of March 2020. The market is pretty beaten down and sentiment is very pessimistic which tells me some sort of a bottom is currently forming.
TAKEAWAY
IF I'm right about this then we can expect a 6-7 week bear market bounce from here till the end of June
TAKEAWAY
IF I'm right about this then we can expect a 6-7 week bear market bounce from here till the end of June
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.