hey traders,
I have noticed a very peculiar thing on NASDAQ.
on the price chart, I compare with you the market sentiment in 2018 and 2019.
I like the similarity in price action and the fact that both consolidations have started in summer and after a strong bullish impulse.
Though similarities do not give us a 100% chance, I still believe that we can apply it in our analysis and it lets us be skeptical about further bullish continuation, no matter how media praises the growth.
Share with me your thoughts!
Note
Oh and by the waythe breakout to the upside will be considered to be false
only if the market will break below the horizontal narrow range on 1H
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
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⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.