Hi Traders !
This monthly chart analysis shows that the NI225 is on a downtrend. However, since March 2009, the trend kept on a bullish trail, starting from 7021, and reached its highest level since april 2000, e.i. 20946.
After a correction that lasted 10 months, it reached its peak of 24448 on Nov 2018.
The year of 2019 was strongly bullish. By the start of 2020, the price plunged due to Corona virus.
If the latter never occurred, I assume that we would have witnessed the opposite scenario. Now that things began to change, let's wait and see how strong the trend will break the top of the pitchfork.
This monthly chart analysis shows that the NI225 is on a downtrend. However, since March 2009, the trend kept on a bullish trail, starting from 7021, and reached its highest level since april 2000, e.i. 20946.
After a correction that lasted 10 months, it reached its peak of 24448 on Nov 2018.
The year of 2019 was strongly bullish. By the start of 2020, the price plunged due to Corona virus.
If the latter never occurred, I assume that we would have witnessed the opposite scenario. Now that things began to change, let's wait and see how strong the trend will break the top of the pitchfork.