All the analysis details are in the video below, here I am just posting the chart for the trade setup.
If the move up in 2020\2021 is Wave (A) of Wave D then we are trading Wave (C) in 2023.
This comes at a time when most people are still extremely bearish.
I am sure you will agree that doing the opposite of what everyone else is doing is wise.
Entry:...
As a follow up to yesterdays in depth analysis of the bigger picture for the Dow Jones, there is also a long trade setup to speak of.
So far I can see no issue with the current setup and only expect higher prices from here.
It would appear that whilst most people are still quite bearish, the waves paint a different picture.
This contrarian view has the...
Price can be retrace from the trend line (red colour) and move to 0 level of fibo.
Note: Trade at your own risk.
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