Outlook for the next weeks after really significant drop.
Nasdaq fell because of the new concerns about the dominance of US´s AI. Spotlight was on Chinese startup DeepSeks latest AI model, which is cost-efficient and able to run on less advanced chips.
This startup is challenging companies like Nvidia and ChatGPT.
I was predicting some kind of drop after the weekend because the price reacted to the big supply zone, but the drop was more drastical and faster than i thought and i didnt catch it. I still feel like markets are going to heal from this drop, but it will take some time.
I am looking for markets to fill the nearest imbalance and then going slowly up. Or the second scenario is going far more down and taking liquidity and acumulate/consolidate.
Let me know your prediction :)
This startup is challenging companies like Nvidia and ChatGPT.
I was predicting some kind of drop after the weekend because the price reacted to the big supply zone, but the drop was more drastical and faster than i thought and i didnt catch it. I still feel like markets are going to heal from this drop, but it will take some time.
I am looking for markets to fill the nearest imbalance and then going slowly up. Or the second scenario is going far more down and taking liquidity and acumulate/consolidate.
Let me know your prediction :)
Trade closed: target reached
Price dropped, but extemly fast XD. Now the markets will most likely slowly fill this crazy imbalance.
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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.