CFD US 100 CashCorto
NASDAQ Bearish 2021
Traders,
Here we have NSXUSD on the weekly chart.
In my humble opinion I think we're done with Distribution In the third phase of the market cycle, sellers begin to dominate. This part of the cycle is identified by a period in which the bullish sentiment of the previous phase turns into a mixed sentiment. Prices can often stay locked in a trading range that can last a few weeks or even months.
That happened in V shape correction in the past and let's see what this data gives us ?
Oct 2019 we had a sell off and the price have bottomed then a V shape exploded with 200% Fib level from 7702: 5803
By taking this ratio of 2019 V and compared it with Mar 2020 we gonna get the exact top ATH that we have now.
200% at 12869
Making a trend of higher lows on the weekly with 78.6% Pullback level every time it visits the area for a new phase in the market cycles coming with The fourth and final phase in the cycle is the most painful for those who still hold positions. Many hang on because their investment has fallen below what they paid for it, behaving like the pirate who falls overboard clutching a bar of gold, refusing to let go in the vain hope of being rescued. It is only when the market has plunged 50% or more than the laggards, many of whom bought during the distribution or early markdown phase, give up or capitulate.
P.S: A cycle can last anywhere from a few weeks to a number of years, depending on the market in question and the time horizon at which you look, So I'm tryin to be simple as much as I can to have Forrest Gump Reward VS risks taken.
Regards,
Mohsen
Here we have NSXUSD on the weekly chart.
In my humble opinion I think we're done with Distribution In the third phase of the market cycle, sellers begin to dominate. This part of the cycle is identified by a period in which the bullish sentiment of the previous phase turns into a mixed sentiment. Prices can often stay locked in a trading range that can last a few weeks or even months.
That happened in V shape correction in the past and let's see what this data gives us ?
Oct 2019 we had a sell off and the price have bottomed then a V shape exploded with 200% Fib level from 7702: 5803
By taking this ratio of 2019 V and compared it with Mar 2020 we gonna get the exact top ATH that we have now.
200% at 12869
Making a trend of higher lows on the weekly with 78.6% Pullback level every time it visits the area for a new phase in the market cycles coming with The fourth and final phase in the cycle is the most painful for those who still hold positions. Many hang on because their investment has fallen below what they paid for it, behaving like the pirate who falls overboard clutching a bar of gold, refusing to let go in the vain hope of being rescued. It is only when the market has plunged 50% or more than the laggards, many of whom bought during the distribution or early markdown phase, give up or capitulate.
P.S: A cycle can last anywhere from a few weeks to a number of years, depending on the market in question and the time horizon at which you look, So I'm tryin to be simple as much as I can to have Forrest Gump Reward VS risks taken.
Regards,
Mohsen
Market analysis, scalping calls, Binance Alts signals and real time news & Sentiment on:
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Twitter: twitter.com/MoTradr
Telegram: t.me/MO_Trading
Twitter: twitter.com/MoTradr
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