oh when the bears go marching in....

oh when the bears go marching in....
oh I love to be in the team...

Should I mention the obvious? Two basic premises of chart analysis are that markets trend and that trends tend to persist. Once a trend is in place, it would take a lot of force to reverse it.

So, guys, make it simple. In a bear market, just sell all the rallies. It would make your life  a lot  easier and your positions will have a higher probability to be in profit.

Below is the weekly chart with next possible supports that might be tested in near future. Good luck and happy trading.

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