as we anticipated the market will open with continuation of the strong trend it has ignited on Fridays close. today we see a retracement on the upper channel trend line to finish wave four maintaining a bullish structure to wave five .going forward with anticipated fed rate easing might present us with a head and shoulder pattern with bulls and bears being at play on indecision. Rsi and other sentiment indicators shows overbought signal but continued unrest on war both in ukrain vs Russia ,Hamas n Israel which despite effortless cease-fire deal Israel has continued the strikes.
all fundamentals shows continued buys to new all time highs but a reversal is also imminent
all fundamentals shows continued buys to new all time highs but a reversal is also imminent
Trade active:
our trade has been activated ,we move the stop loss at break even position
Trade closed: target reached:
new highs recreated