NAS100 - Long Term Outlook
How I see it:
To be crystal clear. This is my bigger picture observation only.
Time Frame - 1 Week
20SMA - Blue
200SMA - Pink
Price has been in overbought territory since June 2023!!
A DEEP CORRECTION IS INEVITABLE:
1) Can price still surge to new ATH's "BEFORE" a deep correction - YES.
2) Can price still surge to new ATH's "AFTER" a deep correction - YES.
3) When will the deep correction start - IMPOSSIBLE TO KNOW.
Thank you for your time reading, boosting or following my analysis.
I deeply appreciate it.
To be crystal clear. This is my bigger picture observation only.
Time Frame - 1 Week
20SMA - Blue
200SMA - Pink
Price has been in overbought territory since June 2023!!
A DEEP CORRECTION IS INEVITABLE:
1) Can price still surge to new ATH's "BEFORE" a deep correction - YES.
2) Can price still surge to new ATH's "AFTER" a deep correction - YES.
3) When will the deep correction start - IMPOSSIBLE TO KNOW.
Thank you for your time reading, boosting or following my analysis.
I deeply appreciate it.
Disclaimer
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