HI Traders,
Firstly I wish you a profitable week.
Please go thru my analysis, and what you will notice is that the bullish inclination of nas just before the covid19 drop was not as steep as the inclination from 20 08 2020 to 02 09 2020. so the bullish behaviour just before the 03 drop will surely tell us that the price was faster than the time taken to get there.
So in that being said, its easy to note that sometimes or the other nas100 was going to drop in price. This also seems to be a herd mentality where one investor will run into the same direction of the other investor. Thereafter realising that price was too high then decided to sell and caused this major drop.
Guys please comments on my thoughts of this.
Cheers To your Profits !!
Firstly I wish you a profitable week.
Please go thru my analysis, and what you will notice is that the bullish inclination of nas just before the covid19 drop was not as steep as the inclination from 20 08 2020 to 02 09 2020. so the bullish behaviour just before the 03 drop will surely tell us that the price was faster than the time taken to get there.
So in that being said, its easy to note that sometimes or the other nas100 was going to drop in price. This also seems to be a herd mentality where one investor will run into the same direction of the other investor. Thereafter realising that price was too high then decided to sell and caused this major drop.
Guys please comments on my thoughts of this.
Cheers To your Profits !!