6 January 2020

Supplement: Downtrend Confirmed

The STI continued downwards, doing so with a gap. This is the Confirmation candle which confirms the downtrend which was indicated by the Dark Cloud Cover candle on 3 Jan. See the candlestick chart below.

We should expect the downtrend to continue for at least the next few days. Given the very volatile market nowadays, there will be little corrections as the STI continues down.

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