Saturday, January 17, continuation…
The market is gradually recovering — which is generally characteristic for weekends. As I mentioned earlier today, I don’t see any radical changes in the market dynamics yet, and, to be honest, I hope there won’t be any.
But, as always, two factors can influence the overall picture:
1. Low volumes on weekends.
It only takes one ‘whale’ to buy or unload — and the market can swing in any direction instantly.
2. News catalyst.
And here, as we know, the main master is Donald Dump 😉
If we exclude these two unpredictable factors, the recovery sideways movement may well continue further.
But there is always a risk — the market loves to remind us of that.
Personally, I do not expect any downturns today and tomorrow. I still anticipate the main correction on Monday or Tuesday.
For now, I continue to observe the market. I still don't have faith in a rapid and sustained growth, but there is no panic either.
To everyone trading — keep a cool head, exercise strict risk control, and only engage in profitable trades 😉
And, as always, DYOR.
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