| Instability | Confused | Lost |
That’s the beauty of technical analysis – it reduces fundamental noise and allows you to paint a clearer picture of where the market is heading.
Clearly you could see market is making lower lows ( Attributes of a bearish [ down / selling] market ) and breaking historical level made in the 1980’s!
* Under clear circumstances this is not a prediction of future market prices to go lower but only just the current market situation *
Amazingly, historical data tends to increase the possibility of a repeated action! ( But bare in mind of the 101 possibility of it turning south to your desires )
-TRADING IS A GAME OF PROBABILITY-