Wide Pattern Coverage and Derived Price Levels: Keeping in mind the narrative of upcoming FED tightening policy because CPI & PPI figures. Also many longer term investors were disappointed about the financial reports of MSFT CORP. This negative incentive sets general dilation of falling fractal which covers negative market intentions. Fractal of Falling: Net BSP (EMA Smoothed): Constant Time Cycles: Since a sharp downward movement has occurred I doubt that the market incentive is fully priced in. Unless price holds strong blue and does a little pullback followed by side trend till TimeFib 2. I expect further fall to shake bears off the market to become bullish. A longer bearish wave would cover report induced sale but not recent negative economic reports.
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.