Falling broadening wedge has confluence with the long term market trend top of around 20000.
- DXY and TNX shows vast amounts of liquidity on the side lines.
- Puts are at all time highs which will add fuel when short covering.
- Wall of worry is in place with war, fed and inflation concerns.
- Massively oversold on all technicals.
Market is prepared for the 5th parabolic wave.
- DXY and TNX shows vast amounts of liquidity on the side lines.
- Puts are at all time highs which will add fuel when short covering.
- Wall of worry is in place with war, fed and inflation concerns.
- Massively oversold on all technicals.
Market is prepared for the 5th parabolic wave.