When Everyone Sees Bottom, It’s Usually NOT Bottom
Nov.19, 2009
Sentiment of the large part of the Forex traders’ community can often be wrong about forecasting the future movements of the market. Watch this video to see an example of the sentiment forecasting of a bottom on USD/JPY, which turned out to be wrong. According to the author of the video, the moral is that when the majority sees a top or a bottom of the trend, it’s most probably not a top or a bottom.
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