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.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.