Will we have a Santa Claus rally this year?
Statistics say, it is likely but let's start from the beginning...
The Santa Claus rally is when stock prices, both locally and globally, tend to go up and end the year on a positive note.
Now, why does this happen? Here are some ideas:
Holiday Cheer:
During the holiday season, people generally feel more...
LESSON OF THE DAY:
When the price breaks and closes BELOW the wick of the previous LOW in a DOWNTREND we have a Break of Structure to the downside.
Think of a Break Of Structure as a simple CONTINUATION in the overall trend.
Which in this case is a downtrend.
Do you use SMC in your trading?
