As we can see once again with the Nasdaq there is that very clear M pattern before the 2008 market crash which looking back now could have been a very clear indication towards the 2008 crash. (Lookin at the monthly candlestick chart fully zoomed out). last year 2018 we saw the downward trend for the first half of the M once again play in motion.
This to me...
Here again the very famous M pattern (which I previously had one my S&P500 analogy) that only works for long term technical analysis . We see the market start this similar pattern almost every time a couple of years before a recession. and yes I know everyone is saying we are going to have a recession next year. I don't believe it And still hold by what I say...
Okay so this analysis is based on a very famous M pattern that only works for long term technical analysis. We see the market start this similar pattern almost every time a couple of years before a recession. and yes I know everyone is saying we are going to have a recession next year. I don't believe it And still hold by what I say recession will be anywhere...
