If my technical analysis is correct, we may be on a rising trend. The lowest dip on 23 Mar 2020 may be wave 3. Initial thought that 0.382 (STI of 2580) of wave 4 is the maximum but if wave 3 is extended wave, then the retracement of wave 4 will be much higher at 0.5 or 0.618 level possibly. FOMO does play a part and the analysis may be out, especially with many economic packages in place. But if we are in bear market, then possibly wave 5 may not have been reached. Nevertheless, do feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Thumbs up if u like the analysis :)
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