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I believe the 2023 bullish wave has been approaching the local high which is at fib sequence level relative to falling sequence. This looks very overbought for a pullback even from general decline perspective (TimeFib 0.618 - 1). I mean that wave has already caused desperation for many who bought high, so they lost their confidence and will obviously seek opportunity to get out while prices are high. Among them are institutions themselves.
Inflation data of CPI & PPI came worse than expected will cause inevitable tightening of interest rates by Federal Reserve. This alone will cause Meta to issue more stocks while momentum of recent bulls are still buying. If you need the market to go up for you to feel confident you'll end up on 5th wave especially having this type of timing frequency of cycles.
I believe the 2023 bullish wave has been approaching the local high which is at fib sequence level relative to falling sequence. This looks very overbought for a pullback even from general decline perspective (TimeFib 0.618 - 1). I mean that wave has already caused desperation for many who bought high, so they lost their confidence and will obviously seek opportunity to get out while prices are high. Among them are institutions themselves.
Inflation data of CPI & PPI came worse than expected will cause inevitable tightening of interest rates by Federal Reserve. This alone will cause Meta to issue more stocks while momentum of recent bulls are still buying. If you need the market to go up for you to feel confident you'll end up on 5th wave especially having this type of timing frequency of cycles.
Comment:
0.786 level