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
Uwaga
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..Transakcja zamknięta: osiągnięto wyznaczony cel
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.