S&P 500 E-mini Futures (Y23.P1.E1).Running Flat
Hi traders,
From a bearish perspective and there are many reasons for it (inflation rates, interest rates, job and housing reports) that we will likely see a prolonged bearish market no matter what the fed does. Billion still being printed for Ukraine and not for stocks and cheap loans.
As I have it, I tried the fibonacci levels all across the impulse or motive waves by using the gold 618 fib and purple 786 to 886 fib.
Assuming this is a bearish rising channel or wedge, it might have 1 more upward move before its exhausted and done before it breaks down, signifiied by the supporting Trend Line.
The green area is a measured target based on reversing the 618 and 886 fibonacci levels, basically reverse engineered based on measurements from the target level to explain the current levels.. It also has confluence with the measured AB = CD harmonic.
Maybe it could be worse.
Please give me a like and share,
All the best,
S.SAri
From a bearish perspective and there are many reasons for it (inflation rates, interest rates, job and housing reports) that we will likely see a prolonged bearish market no matter what the fed does. Billion still being printed for Ukraine and not for stocks and cheap loans.
As I have it, I tried the fibonacci levels all across the impulse or motive waves by using the gold 618 fib and purple 786 to 886 fib.
Assuming this is a bearish rising channel or wedge, it might have 1 more upward move before its exhausted and done before it breaks down, signifiied by the supporting Trend Line.
The green area is a measured target based on reversing the 618 and 886 fibonacci levels, basically reverse engineered based on measurements from the target level to explain the current levels.. It also has confluence with the measured AB = CD harmonic.
Maybe it could be worse.
Please give me a like and share,
All the best,
S.SAri
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.