Watch Out For Bears

Watch Out For Bears




Watch out for Bears.

So 2019 could be the year the markets entered a full Bear Market, some have already gone into the downturn and straight to Bear market however some are not far behind the Bears.

We entered a trade on the Dow Jones at just about the 24000 mark, we’re expecting  price to fluctuate somewhat, this we can see has happened once already, price dropped down to around the 21472 area before the Bulls came in to stall the drop and take price back up.

However the Bears are just too strong and we expect price to continue dropping.

A lot of the reason for the market drop will be due to the volatility as political (US/China Trade War, Italian Government disagreement with the EU and Brexit) and economic uncertainty still haunts investors and may do for quite some time.

We’re going to hold on this trade and wait as we believe a price drop to below the 20000 is possible once any remaining Bulls have been pushed out of the way by the strengthening Bears.

Bears

(Our trading and image was done using an account with UK based broker IG)

*Please Note, Forex and other forms of trading carry a high level of risk to your capital as you could lose all of your investment. These products may not be suitable for every investor, therefore ensure you understand the risks and seek independent advice. Invest only what you can afford to lose. We are NOT financial advisers and we do NOT offer financial advice. 




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