A leading diagonal (cLD) has formed on the chart — potentially completing wave A or 1. We're now seeing the development of a corrective wave B/2.
Key demand zone: 82,000 – 80,000
This area is supported by:
• Fibonacci extensions
• VWAP and balance zone
• 4H BPR
• Strong volume cluster (profile-based)
This is a local setup, but if confirmed, it may kick off wave 3/C with a potential target at 90K+.
Key demand zone: 82,000 – 80,000
This area is supported by:
• Fibonacci extensions
• VWAP and balance zone
• 4H BPR
• Strong volume cluster (profile-based)
This is a local setup, but if confirmed, it may kick off wave 3/C with a potential target at 90K+.
Trade active
Trade closed: target reached
Trump is unlikely to fire Powell, but he may still "manipulate" the Federal Reserve!
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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.