maccabean
Short

History repeats itself

FX:NAS100   NASDAQ 100 Index
Here we have almost identical price action, earlier this year and again over the last few weeks.

The last action saw a mild pullback of 5%. Could we see this happen again?

Notice the Pinching of the bollinger bands at almost exactly the same position of the arc, and the MACD looking very similar too in both periods.

The case for a correcting market builds yet again.
Ok i see this analysis has already been made. Sorry about that.
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