identical scenario could trigger a significant relief rally
Hello trading family:
After long time of being on the sidelines i decided to start preparing my shopping list for the next possible relief rally. I don't want to call it a " bull run " like we had back in march 2020 since we have a much complicated macro economic and geopolitical scenarios. we have a sky rocket inflation and a very hawkish fed , we have the war in ukraine and the lockdowns in china. take a look at the nasdaq chart. we went down about 33% during the covid crash , and we are 30% down now since the last peak in nov 2021. we can see on the chart that we about to meet again with the 200 ma. last time that happened , we enjoyed a very strong rally. lets hope we will get some green consecutive days.
After long time of being on the sidelines i decided to start preparing my shopping list for the next possible relief rally. I don't want to call it a " bull run " like we had back in march 2020 since we have a much complicated macro economic and geopolitical scenarios. we have a sky rocket inflation and a very hawkish fed , we have the war in ukraine and the lockdowns in china. take a look at the nasdaq chart. we went down about 33% during the covid crash , and we are 30% down now since the last peak in nov 2021. we can see on the chart that we about to meet again with the 200 ma. last time that happened , we enjoyed a very strong rally. lets hope we will get some green consecutive days.