"NASDAQ looks like a distribution top"


Well I went back and marked every time since 2012 that it distributed for months. 7 out of 9 resolved up. The remaining 2 were followed by a significant correction.
Not saying we won't drop here, just saying statistically you shouldn't be using sideways distribution as your reason for why you think it's gonna drop.
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin