NASDAQ Index - monthly view
The chart is pretty interesting here, on a monthly view.
During the covid crash in 2020, the total down move was around 32%. Today, in 2022, the correction move from the top is 33.85%, and it already made a nice bounce in June with the bullish engulfing candle.
So, there is a pretty good possibility, that the bottom was already set and we could enter the accumulation phase here. However, in case the current support is lost, we could easily drop to the prices before the covid crash.
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