American stock indices try to fall in an organized way after two halts due to excessive losses while the technical puzzle begins to square with a long-term scenario, post-bull market 2009-2020. Any order should be placed with very tight stops and a decision to execute them, Tomás Sallés from FXStreet advises. Key quotes “We see that this first bearish move has taken the price straight down to the 23.6% retracement level of the entire rally since 2009. The fact that the first major downturn has stopped here gives validity to the big scenario.” “In the DMI indicator, we see how bears have reached a level only surpassed during the fall of Lehman Brothers, and we have gotten really close to that point. “According to traditional theories, bear markets last between 1/4 and 1/3 of the duration of the previous bull market. If this happens this time, we can be talking about two-to-three years of a bearish market. “It is essential to give yourself time before you go looking for bargains. In panicked markets, selling irrationality can outweigh the buying irrationality by some degrees of magnitude.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Coronavirus: Eurozone to enter in recession – Rabobank FX Street 3 years American stock indices try to fall in an organized way after two halts due to excessive losses while the technical puzzle begins to square with a long-term scenario, post-bull market 2009-2020. Any order should be placed with very tight stops and a decision to execute them, Tomás Sallés from FXStreet advises. Key quotes “We see that this first bearish move has taken the price straight down to the 23.6% retracement level of the entire rally since 2009. The fact that the first major downturn has stopped here gives validity to the big scenario.” “In the DMI indicator, we see how… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.