I am curious of others thoughts on this monthly candle close. Not only the Nasdaq but Spy, Dow all closed with bearish reversal candles after a frothy year and a month of mania and extremes. Large influx of retail traders as well. Go back and look for monthly doji reversal candles that aren’t at a top. Perhaps it’s not the too but only a significant correction or a healthy pullback. Haven’t seen any posts of this around curios on thoughts.
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.