The measured moves we’ve been tracking have continued to act like magnets for both panic and greed, and Friday's trading was no exception.
Image Source: Unsplash
The market wrapped up the week with a textbook case of FOMO chasing right into a Fibonacci target — and then, as expected, the sellers showed up. The measured moves we’ve been tracking have continued to act like magnets for both panic and greed, and Friday was no exception.
00:17:32
More By This Author:
Markets Bounce Off Oversold – What’s Next?This video and channel are not financial advice. Technical Traders Ltd. and its staff are not registered investment advisors and are not responsible for their performance.
If you want to know where the market is headed each day and week, well in advance then be sure to join my Pre-Market Video Forecasting service which is TheGoldAndOilGuy.com.
Our free research does not constitute a trade recommendation or solicitation for our readers to take any action regarding this research. It is provided for educational purposes only – read our FULL DISCLAIMER here. Visit www.thetechnicaltraders.com to learn how to take advantage of our members-only research and trading signals.
Comments
Log in or sign up to join the conversation.