A level of important trend formation when once formed tend to persist until evidently proven reversed. A bullish trend allows price to move higher highs and higher lows over a long period of time.
A level of important trend formation when once formed tend to persist until evidently proved reversed. A bearish trend allows price to move lower highs and lower lows over a long period of time.
Both the U.S DJIA and Malaysia FBMKLCI entered into a Bearish Downtrend since the month of October Year 2018 and have since been trending lower lows over the months. They are both now flirting at their edge of 1 year low now with the U.S DJIA lowest point at 23,360 and the Malaysia FBMKLCI lowest point at 1,657. Bearish Trend remains intact in the month of December 2018 and is on set to break down to find its lows.
Will these markets break down their 1 year low?
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