Market Updates and Fear
After Israel attacked Iran, the market took a major hit and collapsed. Israel's defense minister also stated that the attacks will continue for a few more days, which could further impact the market, but if we look at the technicals. The market is showing another picture.
How? Let's discuss
Before this attack, the market was overbought and needed a correction to cool off its strength and form a swing low, which has currently been formed and the strength has also cooled off.
The current market conditions in the technicals are in favor of relief, as the strength has fallen to its lowest range, the volatility of the Bollinger bands has peaked, and the price action has also extended.
Therefore, in the technicals, the market is good to buy 📈
