Since the beginning of 2022, we are in a corrective wave of 3-3-5.
After testing the upper edge of the descending channel which was at 4101 and was the peak of wave 2,
I expect dynamic declines by the 3rd decade of January 2023 and a test of the accelerated downtrend line (red) around 3300.
You will notice a powerful divergence on the volume.
Attention, tomorrow 14.12.2022 we have the FED, therefore it is possible to reset the upper edge of the descending channel again.
After testing the upper edge of the descending channel which was at 4101 and was the peak of wave 2,
I expect dynamic declines by the 3rd decade of January 2023 and a test of the accelerated downtrend line (red) around 3300.
You will notice a powerful divergence on the volume.
Attention, tomorrow 14.12.2022 we have the FED, therefore it is possible to reset the upper edge of the descending channel again.