Market sentiment has changed with the fed pausing interest rate's.
possible we see this bullish move, but this doesn't mean Bull market.
zooming out you can see, this will break ATH and possible to complete an old wycoff accumulation extension.
My thoughts.. we may get the break out from all time high with the fed easing, but this is likely to be a bull trap!
Im still expected the Dow to take out the lows, later on in the year possibly when we see further rate hikes!
Suspected a recovery based off a W pattern I see forming on the US30, link attached below.
Originally I was very bearish once the price rejected 0.702 fibonacci retracement levels twice.
now its very possible to see a bullish recovery, will do great for market sentiment! but I would be very weary once this H & S completes this pattern.
possible we see this bullish move, but this doesn't mean Bull market.
zooming out you can see, this will break ATH and possible to complete an old wycoff accumulation extension.
My thoughts.. we may get the break out from all time high with the fed easing, but this is likely to be a bull trap!
Im still expected the Dow to take out the lows, later on in the year possibly when we see further rate hikes!
Suspected a recovery based off a W pattern I see forming on the US30, link attached below.
Originally I was very bearish once the price rejected 0.702 fibonacci retracement levels twice.
now its very possible to see a bullish recovery, will do great for market sentiment! but I would be very weary once this H & S completes this pattern.
