1-3 Year US Treasury Index ETF Pimco
|January 20, 2020|
|January 24, 2020|
|17:45||Flash Services PMI||52.9||52.8|
|17:45||December||Flash Manufacturing PMI||52.4||52.4|
A technical analysis figure that occurs when prices are falling and at the moment of their subsequent recovery. This figure can be identified as the moment on the chart when the trend reaches its minimum price. It may also form part of a trend reversal figure, such as, for example, “the double bottom”.
This means that the investor buys financial assets counting on the growth of their value and profit from their sale. This term is derived from the established opinion that the stock market has a long-term upward trend, and thus, over a long period of time, the price of the once-purchased shares will inevitably increase.
This classic indicator was developed in the 1930s for predicting the Nikkei stock index. Now its settings are fully adapted to modern markets, and it is used to detect emerging trends.
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