This will most probably be the last liquidity grab (Uptrend) before a big sell-off into the 3800s,
I am expecting an ABC wave retracement to take place for the last liquidity grab in the 400s and then a wave 3 that will bring us downwards into the 3800s.
Take a look at my macro analysis for further details.
As I mentioned if ES goes above 4200 region, I am bullish but I think it is highly unlikely given the extreme selling pressure in that region along with the current economic situation.
I think we will move upward after the summer and into 2024, and especially with a change of presidency it will propel the stock market to the 5000s.
Would love to hear feedback, and follow me for more analysis and feel free to send me a message to learn.
I am expecting an ABC wave retracement to take place for the last liquidity grab in the 400s and then a wave 3 that will bring us downwards into the 3800s.
Take a look at my macro analysis for further details.
As I mentioned if ES goes above 4200 region, I am bullish but I think it is highly unlikely given the extreme selling pressure in that region along with the current economic situation.
I think we will move upward after the summer and into 2024, and especially with a change of presidency it will propel the stock market to the 5000s.
Would love to hear feedback, and follow me for more analysis and feel free to send me a message to learn.
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Also i want to mention, I am expecting a 3 wave ABC retracement, not sure if it will go as high as the demand zone in the chart, but it will use price action and technical analysis, to find an entry point.
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PT was reached but there is still room to go higher. I believe this is the last liquidity grab before moving downwards
Comment:
As shown in my chart I expect this liquidity grab to go higher into the 4100s before the start of a wave 3 downward trend.