COMMENTARY
interest rate hikes are not over. Increases are smaller than expected due to weak headline figures from Credit Suisse and SVB fallout. DXY is overall expected to move higher, given the structure.
STRUCTURE
- W1: 115 to 101 (14 points)
- W2: 101 to 106 (5 points)
- W3/B: 106 to 102 (4 points)
Wave 3 could be Wave B of an ABC reversal and confirmed if Wave C breaks 106
LTF shows 3 wave structure
INDICATORS
- WEMA21: Down Trend
- 4HVSI: Sell Pressure Exists and Weakening
4HVSI could indicate selling pressure is over and to be ready for buying pressure to emerge.
interest rate hikes are not over. Increases are smaller than expected due to weak headline figures from Credit Suisse and SVB fallout. DXY is overall expected to move higher, given the structure.
STRUCTURE
- W1: 115 to 101 (14 points)
- W2: 101 to 106 (5 points)
- W3/B: 106 to 102 (4 points)
Wave 3 could be Wave B of an ABC reversal and confirmed if Wave C breaks 106
LTF shows 3 wave structure
INDICATORS
- WEMA21: Down Trend
- 4HVSI: Sell Pressure Exists and Weakening
4HVSI could indicate selling pressure is over and to be ready for buying pressure to emerge.