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On August 24, local time on August 23, US President Trump plans to deploy troops in Chicago. Military officials said that a plan is being drafted that may deploy thousands of National Guard members. The issue of mobilizing active-duty troops has also been discussed. Officials familiar with the matter said that the US Department of Defense has been planning to deploy troops to Chicago for weeks as Trump is trying to crack down on crime, homelessness and undocumented immigrants. It is understood that this model may be extended to other major cities later. This previously undisclosed plan includes a variety of options, including the deployment of at least thousands of National Guard members to Chicago as early as September. Two officials said that plans to deploy thousands of active-duty soldiers to Chicago have also been discussed, but this possibility is currently considered small.1. Russias Northern Fleet conducted special support exercises. 2. NATO officials stated they would continue to provide military aid to Ukraine. 3. South Africas president called for maintaining momentum to end the Russia-Ukraine conflict. 4. Zelenskyy met with the NATO Secretary-General and demanded "genuine and effective" security guarantees. 5. Russias Ministry of Defense announced it had taken control of the towns of Krebanbek and Sredny in eastern Ukraine. 6. Russian Defense Ministry: Russian forces launched cluster strikes against Ukrainian troops temporary bases in the Donetsk Peoples Republic. 7. A fire broke out in a transformer group outside the Kursk Nuclear Power Plant in Russia; the plant stated it posed no security threat. 8. Zelenskyy stated he was willing to discuss territorial issues under specific conditions, but would not cede territory. He stated that Russia was prepared to take steps to achieve peace and would be cautious about Russian signals.On August 24th, firefighters were reportedly investigating a fire at the Kursk Nuclear Power Plant in Russia. The fire occurred in a transformer unit located outside the plant, not within the plant itself. Power supply to the city of Kurchatov is currently normal, and the plant stressed that the incident does not pose a security threat.On August 23, the Italian Postal Service announced that the company will officially suspend the delivery of packages to the United States from August 23, but can continue to receive mail without goods sent to the United States.According to a report released by the Indonesian Meteorological, Climatological and Geophysical Agency on August 23rd, a magnitude 5.8 earthquake struck 51 kilometers southeast of the Aceh Special Region of Indonesia at 7:24 PM local time on August 23rd. The epicenter was located at 2.03 degrees north latitude and 96.52 degrees east longitude, with a depth of 12 kilometers. No tsunami risk is expected.

Recognize downtrend

LEO

Oct 25, 2021 13:27

For prices, there are only three trends:

1. Price rise

2. Prices fall

3. Price shock, that is, the price has no obvious upward or downward trend.


In each case, we can buy and sell to obtain profit from the price difference.


price fall

The performance of the price downtrend:

Consists of a continuous declines, each of which continues to cross the previous low point, and the mixed raise in the middle will not break the previous high point. In short, a downtrend is composed of a series of price movements, with decreasing of the point high and low.


It is easy to understand by looking at the price trend chart:

1599462138555947.png


Seeing that the price goes all the way down, it is obvious that we should sell at a high price 「A B C D E 」 and wait for the price to fall 「a b c d e」before buying. The price difference in this is our profit.


In any period of downtrend, connecting two adjacent price lows is called a downtrend line.


Observing the features of the downtrend chart, there are many opportunities to sell:

1. When the price decline below the previous low

2. When the price rebounds to the previous high


When a downtrend occurs, the trend will not change easily, and we can make profits by continuing selling transactions.


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