We hit the wave 4 target that we talked about in the last post... where are we going???????? honestly i have no clue but this is what the chart is telling me....
We are in a larger time frame pull back..
Y'all already know the elliott wave count it's pretty much stayed the same the last couple of days...
Right now i see wave 5 coming.. ADX is detecting a weak downtrend which tells me that we are in a pull back not a new impulse wave.. that could change but as for now thats what im seeing..
Scenario #2 would be what everyone wants.. the bull market to return.. yes inflation reports have been positive but a bullish market, low unemployment and booming economy is not what the fed wants. Regardless we are gonna make money in a bull or bear so it really doesn't matter.
Thank yall
God bless
We are in a larger time frame pull back..
Y'all already know the elliott wave count it's pretty much stayed the same the last couple of days...
Right now i see wave 5 coming.. ADX is detecting a weak downtrend which tells me that we are in a pull back not a new impulse wave.. that could change but as for now thats what im seeing..
Scenario #2 would be what everyone wants.. the bull market to return.. yes inflation reports have been positive but a bullish market, low unemployment and booming economy is not what the fed wants. Regardless we are gonna make money in a bull or bear so it really doesn't matter.
Thank yall
God bless
ملاحظة
hello traders just a quick update, so our wave 4 hit perfectly at the 38% fib level, this week i didn't expect much action due to the holidays but i expect wave 5 to hit sometime next week..أغلقت الصفقة: تم الوصول للهدف
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.