After falling 30% and bouncing off the 200 week moving average, Nasdaq is currently only 7% down from it's highs.
In 2008, you'll see that the Nasdaq crashed 26% and then rallied to 7% below it's highs before falling 50%.
History doesn't necessarily repeat itself but it does rhyme. This doesn't mean the same type of crash will happen again, but it's best to keep your mind open to the possibility as there are clear similarities to the past.
In 2008, you'll see that the Nasdaq crashed 26% and then rallied to 7% below it's highs before falling 50%.
History doesn't necessarily repeat itself but it does rhyme. This doesn't mean the same type of crash will happen again, but it's best to keep your mind open to the possibility as there are clear similarities to the past.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.