Hi.
I think Nasdaq is very dangerous. It is similar that Kospi(Korea stock Index) four months ago. The KOSPI Index made Head and Shoulders pattern. And the KOSPI price dropped 24% from its top.
now Nasdaq makes right shoulder. If it would collapse neck line, It is good chance for short traders.
Is it the beginning of the financial crisis?
I cant't understand the current economic flow. However, it is clear that the chart is a bear market.
Thank you.
I think Nasdaq is very dangerous. It is similar that Kospi(Korea stock Index) four months ago. The KOSPI Index made Head and Shoulders pattern. And the KOSPI price dropped 24% from its top.
now Nasdaq makes right shoulder. If it would collapse neck line, It is good chance for short traders.
Is it the beginning of the financial crisis?
I cant't understand the current economic flow. However, it is clear that the chart is a bear market.
Thank you.
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Related publications
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.