NASDAQ, The Past, The Present, and The Future..!
As you see in the Nasdaq chart, Between 2008 and 2021, there are 15 corrections. to have a better analysis we can divide the chart into two distinct time frames. First time frame, from February 2009 to the end of January 2018, with 8 corrections, and the second time frame from February 2018 to March 2021 with 7 corrections.
Obviously,we see less frequent corrections in the first time frame, on average we see a correction every 53 weeks in comparison with the second time frame where corrections happened every 18 weeks.
On the other hand, we do not see any correction more than 19% in the first time frame, while we see 2 corrections with more than 23, and 30% in the second time frame!
In conclusion, we see corrections more frequently in the past 3 years and they become deeper in comparison to the first 9 years of the most recent Nasdaq bullish rally from 2009 to 2018.
I believe this could be the early signs of exhaustion in the bullish trend after a 11780% gain, in the past 12 years.
Moreover in the most recent correction, we experienced a 14% correction in the past 4 weeks, so it is early to say we are entering the crash phase or bear market. but it is highly likely that this correction becomes an extended one and pushes us to a bear market..!
Obviously,we see less frequent corrections in the first time frame, on average we see a correction every 53 weeks in comparison with the second time frame where corrections happened every 18 weeks.
On the other hand, we do not see any correction more than 19% in the first time frame, while we see 2 corrections with more than 23, and 30% in the second time frame!
In conclusion, we see corrections more frequently in the past 3 years and they become deeper in comparison to the first 9 years of the most recent Nasdaq bullish rally from 2009 to 2018.
I believe this could be the early signs of exhaustion in the bullish trend after a 11780% gain, in the past 12 years.
Moreover in the most recent correction, we experienced a 14% correction in the past 4 weeks, so it is early to say we are entering the crash phase or bear market. but it is highly likely that this correction becomes an extended one and pushes us to a bear market..!
บันทึก
The correct number is 1178% ..!
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Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน