I analyzed DXY over the weekend, with it clearly breaking 95 on the daily chart, I expect it to challenge 88 soon.
A lot of investors are losing faith in the USD, selling USD to buy all kinds of assets.
With continual drop in USD, I expect Nasdaq to continue its rally, minimally towards 10980.
Nasdaq will complete a deep gartley around this level, which I will wait for a break of support before considering whether to go short.
A deep gartley is when the ABCD structure exceeds XA 78.6, we will then shift our focus to XA 88.6 to look for a potential reversal.
Right now, it is looking bullish, and I expect another 300 points move upwards minimally. If you want to trade today, buying is the right move with targets at 10980.
Good luck and good trading.
A lot of investors are losing faith in the USD, selling USD to buy all kinds of assets.
With continual drop in USD, I expect Nasdaq to continue its rally, minimally towards 10980.
Nasdaq will complete a deep gartley around this level, which I will wait for a break of support before considering whether to go short.
A deep gartley is when the ABCD structure exceeds XA 78.6, we will then shift our focus to XA 88.6 to look for a potential reversal.
Right now, it is looking bullish, and I expect another 300 points move upwards minimally. If you want to trade today, buying is the right move with targets at 10980.
Good luck and good trading.
Comment:
This is a bullish bat you can consider to buy low and trade the C-D leg of this move.
