Looks like Fed is setting the market up for a pop on there announcement later today at 2 o'clock.
Market would then have made a perfect ABCD correction (yellow lines) at the 1.272 fib and looks like a 3 drive to a bottom at the same time (green lines). We would at the same time have seen a gap close
Fisher looks also ready for a bounce making a possible divergens
That would set the market up for a 5th and final wave up.
Time will tell
Safe trading !
BLawrenceM
Market would then have made a perfect ABCD correction (yellow lines) at the 1.272 fib and looks like a 3 drive to a bottom at the same time (green lines). We would at the same time have seen a gap close
Fisher looks also ready for a bounce making a possible divergens
That would set the market up for a 5th and final wave up.
Time will tell
Safe trading !
BLawrenceM
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.