Hello everyone this is my Nasdaq idea on monthly time frame ..
I plan to go short when price close below green line to target black line .. my stop loss is monthly candle close above green line could be a good R:R trade
In below charts I explain my view on why we could repeat history ..
2000 chart dot com bubble
Today Nasdaq .. covid-19
something very interesting that comes to my mind is ..
the divergence in the RSI indicator in 2000 dot com bubble started in 1986 and ended in 2000 that's 14 years
Today Nasdaq big divergence started 2007 this year we start 2021 … that's 14 years that's kind of scary lol …
My expectation is price continue to go up violently until price close below green line I won't do anything :)
I plan to go short when price close below green line to target black line .. my stop loss is monthly candle close above green line could be a good R:R trade
In below charts I explain my view on why we could repeat history ..
2000 chart dot com bubble
Today Nasdaq .. covid-19
something very interesting that comes to my mind is ..
the divergence in the RSI indicator in 2000 dot com bubble started in 1986 and ended in 2000 that's 14 years
Today Nasdaq big divergence started 2007 this year we start 2021 … that's 14 years that's kind of scary lol …
My expectation is price continue to go up violently until price close below green line I won't do anything :)