Hi Everyone,
Just to share my weekly forecast for the US100. Overall, I think we have recently completed a diagonal wave 5 of Wave A. The diagonal is supported by 5 waves, and a "throwover". (Additionally, we are resting on daily 50 moving average, where typically we would expect a bounce).
During the next 1-2 weeks, I think we will see a B wave form towards the indicated sell zone (approx. 50-78% Fibonacci retracement levels). The CPI news may be a potential catalyst.
After this, I would expect Wave C down towards a new low in mid-September.
This analysis is void if wave A low is broken (15070).
Good luck!
Just to share my weekly forecast for the US100. Overall, I think we have recently completed a diagonal wave 5 of Wave A. The diagonal is supported by 5 waves, and a "throwover". (Additionally, we are resting on daily 50 moving average, where typically we would expect a bounce).
During the next 1-2 weeks, I think we will see a B wave form towards the indicated sell zone (approx. 50-78% Fibonacci retracement levels). The CPI news may be a potential catalyst.
After this, I would expect Wave C down towards a new low in mid-September.
This analysis is void if wave A low is broken (15070).
Good luck!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.