The FOMC chairman's speech last week gave the markets a bounce which has carried to the end of the week.
This may be short lived as the EW structure looks very much like the bounce is wave C circle of a flat correction
which when complete will lead to a much larger fall in minor wave 3.
The correction may finish at the now RED resistance trendline OR try to fill the open gap?
Early next week should decide!
Good Luck
This may be short lived as the EW structure looks very much like the bounce is wave C circle of a flat correction
which when complete will lead to a much larger fall in minor wave 3.
The correction may finish at the now RED resistance trendline OR try to fill the open gap?
Early next week should decide!
Good Luck