Daily Long NQ But with Caveats to Keep in Mind
Analysis:
Long term - This is could very much a wave four (correction), going into a wave five impulse wave to the downside. We are heading into at least a mild recession, this isn't too far-fetched ie fed minutes.
Short Term (1M,15M, and 1H), Will very much most likely see a very bullish rally to the upside. But this may be short-lived as we appear to be in a corrective wave within a much larger downtrend move.
Caveat: Wave four may not be finished, and there is a chance can potentially pull back to the wave one resistance line (38%). However weekly engulfing candle creates a stronger bearish case overall.
Long term - This is could very much a wave four (correction), going into a wave five impulse wave to the downside. We are heading into at least a mild recession, this isn't too far-fetched ie fed minutes.
Short Term (1M,15M, and 1H), Will very much most likely see a very bullish rally to the upside. But this may be short-lived as we appear to be in a corrective wave within a much larger downtrend move.
Caveat: Wave four may not be finished, and there is a chance can potentially pull back to the wave one resistance line (38%). However weekly engulfing candle creates a stronger bearish case overall.
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.