What to do when the stock market goes down? Wait without panic. Because no stock market will either fall or rise According to the wave theory, it happens in a rise and fall.
What to do when the stock market goes down
Is in the form of waves of ups and downs on the stock charts. First of all, if a stock that you bought while the Stock was rising fell sharply, the Stock will rise again.
According to the Elliot wave theory, after the first wave, the second wave, which is a correction, will occur. Wait for Elliot’s second wave to exit with minimal damage. The second wave Fibonacci could start to decline after a correction due to 0.618.
I say it can start the decline because it can rise without falling; the most prominent graphic formations in the falls are the two top and shoulder head and shoulder formations. 0.618 came. Are you aiming to come out with minimum damage? What if the rise continues?
For him, you need to follow maternal formations. Does the graph from 0.618 show any signs of falling? If bear candle cleavage occurs in the candles, quit. Otherwise, there may be a rise again.
Remember that there is introductory psychology and patience to make money while buying stocks to not make emotional and emotional decisions.