Short
NASDAQ continues its drop to its final destination.
Hello traders,
As you can see after a crazy meeting by our lovely FED president J. Powell, which upped the federal funds rate to 0.75 percent – 1.00 percent by.50 percent, or 50 basis points.
The Federal Reserve anticipates that the federal funds rate will continue to rise.
On June 1, the committee will begin to reduce its holdings of Treasury securities, agency debt, and agency mortgage-backed securities.
Anyway, we are now experiencing what the Elliott Waves was showing us earlier last month, and we are about to complete the correction ABC.
As you can tell I have 2 mains strong objectives:
FIRST: 12250-12195 = which is the 123/127,2% of extension of the green C and the 161% of the white C of the green C
SECOND: 11660 = which is the 161,8% of the extension of the green C and the 113% of the extension of the blue C
I will put more screenshot bellow for you to understand.
As you can see after a crazy meeting by our lovely FED president J. Powell, which upped the federal funds rate to 0.75 percent – 1.00 percent by.50 percent, or 50 basis points.
The Federal Reserve anticipates that the federal funds rate will continue to rise.
On June 1, the committee will begin to reduce its holdings of Treasury securities, agency debt, and agency mortgage-backed securities.
Anyway, we are now experiencing what the Elliott Waves was showing us earlier last month, and we are about to complete the correction ABC.
As you can tell I have 2 mains strong objectives:
FIRST: 12250-12195 = which is the 123/127,2% of extension of the green C and the 161% of the white C of the green C
SECOND: 11660 = which is the 161,8% of the extension of the green C and the 113% of the extension of the blue C
I will put more screenshot bellow for you to understand.
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