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I see quite a bit of technical analysis here and well...
It is quite easy to spot new "players" on the market, sometimes not even that new, tell me honestly what % of transactions in your history are positive? What does it give you? If technical analysis actually worked, each of you would be a millionaire, but what about it? Apart from the fact that reverse analysis is always effective.. From experience I will tell you that the sooner you realize that it does not work, the less you will lose, Realize that drawing lines on a chart, looking for some shapes there is pointless because you are trying to move forward looking backward, I recommend you such an experiment: Tomorrow morning get out of bed and try the same thing you do on the market, in the morning organize your duties by walking backwards, you will definitely end up in the toilet or kitchen, but do exactly the same thing going to work or to the store, maybe you will realize how stupid it is. Resistance and support lines sometimes work because it results from statistics and it is a fact. The market is ruled by emotions whether you like it or not, there is panic, fear, sheep rush but also greed or pride and thanks to these emotions the market works. Consensus: I prefer to go blindly with my eyes closed but forward than to make decisions based on the echo of what happened in the past. Take responsibility for your decisions instead of crying on the forum later.
#bearishmomentum  #BullishMomentum  #MarketSentimentToday