bear market 5-wave complete, abc finished but no 1.618 extension sadly clean break on keltner's though
volume is low - assuming people are fearful of fomc - however buying pressure from those who are attentive is above standard deviation
regardless, for me at least it is time to start building. will be cautious around 48k area due to zigzag B wave retracement ratio, current abc is likely to become an A wave for a larger zigzag - look out for drops to the 35k area
price target for friday is 45k, regardless if jerome flops it out screaming "inflation will be this hyper"
volume is low - assuming people are fearful of fomc - however buying pressure from those who are attentive is above standard deviation
regardless, for me at least it is time to start building. will be cautious around 48k area due to zigzag B wave retracement ratio, current abc is likely to become an A wave for a larger zigzag - look out for drops to the 35k area
price target for friday is 45k, regardless if jerome flops it out screaming "inflation will be this hyper"
Disclaimer
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.
Disclaimer
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.