We have a falling window on the NDX weekly chart and we are reaching the "Final drop".
While it can take many years for prices to move back to ATH level after a bottom is set, setting the bottom itself can take just a few days or weeks.
Just as with the SPX, the Nasdaq (NDX) index has broken below EMA100 and is showing a very strong bearish candle.
The bearish action taking place now says it all.
There is room for lower prices...
See what we shared before:
(Jan. 26) The Nasdaq Long-Term (Potential For Major Crash | ~70%)
(Feb. 7) The GAP Gives It Away | Nasdaq
(Mar. 13) NDX Bear Run
(Jan. 19) NASDAQ Bearish Scenario Can Unfold
www.tradingview.com/...Scenario-Can-Unfold/
Namaste.
While it can take many years for prices to move back to ATH level after a bottom is set, setting the bottom itself can take just a few days or weeks.
Just as with the SPX, the Nasdaq (NDX) index has broken below EMA100 and is showing a very strong bearish candle.
The bearish action taking place now says it all.
There is room for lower prices...
See what we shared before:
(Jan. 26) The Nasdaq Long-Term (Potential For Major Crash | ~70%)
(Feb. 7) The GAP Gives It Away | Nasdaq
(Mar. 13) NDX Bear Run
(Jan. 19) NASDAQ Bearish Scenario Can Unfold
www.tradingview.com/...Scenario-Can-Unfold/
Namaste.
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