Nothing much to explain about it , it just broke a triangle on weekly time frame and retested it too . I think we can have a rally to the downside from here . I am already short .
Nifty 50 crossing 15700 level by end of May, will indicate a possibility of further weakness in market and a possible crash. This will mean breach of 20 month SMA level. Last time it happened was in Feb 2000 just before Covid Lock Down.
BTC will come comeback to support. But that does not mean to wait for it. Markets cannot be predicted, they are just understood on historical performance. Start accumulation from the current price and keep adding it starts to retest the support zone.
You guys probably already know this especially those who watched the movie The Big Short, that every time before a big market crash fraud rates always go up, this has been true since the days of great depression. It is a tell-tale sign of an impending crash. And all of a sudden I came across this article saying fraud rates are up 33% during covid lockdown. Sorry...
Hey guys, I am a beginner in the Stock Market. I think 2020 is similar to the 2008 market crash. Now I want your reply to this thing. If you agree with me then LIKE this post otherwise COMMENT with your view.
