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Ndxsignals

NASDAQ may be about to shoot up. But is the future bright?That's of course the million dollar question and on this post is based on a fractal analysis with the 1998 - 2000 sequence. As you see today Nasdaq is currently trading within a Channel Up up and down the 1D MA50 (blue trend-line) similar to what it did in 1999. Both Channels formed after a very aggressive rise, which took place after a lengthy yearly period of extreme market volatility (1, 2, 3, 4) where the 1D MA200 (orange trend-line) got breached repeatedly. The 1W MA200 though (green dotted line) remained intact, which is what maintained the long-term bullish trend of the Bull Cycle. In late 1999 after the Channel Up broke upwards, an equally aggressive rise took place that formed the peak of the Bull Cycle and the historic pop of the Dotcom Bubble. The Bear Cycle started and in early 2001 the 1W MA200 broke. It goes without saying that this is a very simplistic fractal comparison and can't be an investment strategy on its own, but is fundamental/ news framework that led to the 2000 Dotcom bubble much different from today's aggressive economic stimulus? Let's make an interesting discussion down below! Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala --------------------------------------------------------------------------------------------------------
TVC:NDQ
by TradingShot
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