Fed will decide to hike the rate this year on 1st of November and on 14th December.
Fib Time zone and Trend based Fib Time zone on this chart shared adate 31st October, i hope the retracement will occur at that day, so expecting a downfall on 1st of november (imo).
This would retrace according to the fib circle and then jump from the 0.5 of the pitchfork tool, i.e half of centre and bottom of pitchfork tool and then go upwards for wave 3.
This wave 3 is expected to touch the top of pitchfork (1x) near 1st week off december, i.e. at 0.75 of gann box. After that it is expected to go for wave 4 till 14th December (junction of fib time and trend based fib time).
So, imo the prices will go up on14th December rate hikes.
And after that wave 5 should finally reach above the pitchfork tool (2x) by end of 1st week of January 2018.
Fib Time zone and Trend based Fib Time zone on this chart shared adate 31st October, i hope the retracement will occur at that day, so expecting a downfall on 1st of november (imo).
This would retrace according to the fib circle and then jump from the 0.5 of the pitchfork tool, i.e half of centre and bottom of pitchfork tool and then go upwards for wave 3.
This wave 3 is expected to touch the top of pitchfork (1x) near 1st week off december, i.e. at 0.75 of gann box. After that it is expected to go for wave 4 till 14th December (junction of fib time and trend based fib time).
So, imo the prices will go up on14th December rate hikes.
And after that wave 5 should finally reach above the pitchfork tool (2x) by end of 1st week of January 2018.
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