The tail is now full.
If you look at the decline in the beginning of September, it has filled the bottom.
There is always a tail going in the direction of filling it all up.
This time, I got to fill out the big tail that came out on 12/1.
And as you can see from the left side, there is tremendous resistance support at 38-42K.
After all, in the short term, it is an unconditional long-term situation (the profit/loss ratio is good)
And as shown on the right, after struggling once more around 50-52K during the uptrend, after that, depending on the market conditions.
But the downside is that the U.S. unemployment rate is now at its lowest point.
I got these issues.
As the U.S. unemployment rate goes to its lowest level -> inflation concerns -> interest rate hikes will be carried out early
-> Decline in various investment products (Nasdaq), etc.
There is such a macro direction, and the overall direction is a downward trend.
macro: decline
Micro Chart: Rising
It's difficult
My current position is LONG.
TP 46K 48K.
SL 38K
no see.
