Nasdaq 100 Index Major Crash Warning
My dear friend and supporter, here we have a great chart for the NDX (Nasdaq 100 Index), it shows a classic lower high. This chart setup predicts a major crash/drop and this drop goes in accordance with everything we've been seeing across multiple markets.
➖ The top (ATH) was set in early July. After a major high there is always a correction.
➖ A low was set in August. After a major low there is always a recovery, a pull-back.
➖ A new top (lower high) was hit yesterday and what follows is the continuation of the bearish move. The continuation of the correction that started at the July All-Time High.
➢ This is a friendly reminder; prepare for the crash.
A double-bottom is possible but also a weak lower low. So we are likely to get a lower low but still in the vicinity of the previous low, the one set in August 2024. The next support range is clearly marked on the chart.
What will be the catalyst for this correction?
The market moves in cycles and within this cycles we have waves; up and down, up and down... We just experienced and up-wave and we are going down now, regardless of what the fundamentals say.
Thank you for reading.
Your support is appreciated.
Namaste.
➖ The top (ATH) was set in early July. After a major high there is always a correction.
➖ A low was set in August. After a major low there is always a recovery, a pull-back.
➖ A new top (lower high) was hit yesterday and what follows is the continuation of the bearish move. The continuation of the correction that started at the July All-Time High.
➢ This is a friendly reminder; prepare for the crash.
A double-bottom is possible but also a weak lower low. So we are likely to get a lower low but still in the vicinity of the previous low, the one set in August 2024. The next support range is clearly marked on the chart.
What will be the catalyst for this correction?
The market moves in cycles and within this cycles we have waves; up and down, up and down... We just experienced and up-wave and we are going down now, regardless of what the fundamentals say.
Thank you for reading.
Your support is appreciated.
Namaste.
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