This is just a quick and dirty take on the MNQ1! which could be the possible beginning of a wave 5 to new all time highs.
Currently breaking out of bearish channel, which could be seen as a wave 4.
Fibs and fib projections for wave 1-4 all seem to fit.
Currently breaking out of bearish channel, which could be seen as a wave 4.
Fibs and fib projections for wave 1-4 all seem to fit.
Note
Looking good.... yesterday's FOMC told the market onward and upward.The DOW hit all time highs yesterday.
Note
Wave 5 is hitting its target area now
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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.