Nasdaq Plunge coming soon

5 Months of the ATH before the market crash, Nasdaq managed to find support around 24% down. When this support was broken, Nasdaq crashed by another 30%. 2008/09 housing market crises caused a world wide recession.

Are we seeing similar situation in 2022?

The technical analysis would suggest it is very possible. Not to mention the war in Ukraine, rising energy costs, inflation as well as a possible food shortage.

Have a look and please share your comments.