3 drive to a bottom & end of corrective ABCD harmonic
Looks like Fed is setting the market up for a pop on there announcement later today at 2 o'clock.
Market would then have made a perfect ABCD correction (yellow lines) at the 1.272 fib and looks like a 3 drive to a bottom at the same time (green lines). We would at the same time have seen a gap close
Fisher looks also ready for a bounce making a possible divergens
That would set the market up for a 5th and final wave up.
Time will tell
Safe trading !
@BLawrenceM
Market would then have made a perfect ABCD correction (yellow lines) at the 1.272 fib and looks like a 3 drive to a bottom at the same time (green lines). We would at the same time have seen a gap close
Fisher looks also ready for a bounce making a possible divergens
That would set the market up for a 5th and final wave up.
Time will tell
Safe trading !
@BLawrenceM