The year 2022 is finally over, the markets still do not look good, but there is already hope for a further upward trend. Therefore, we would like to address such a possible scenario.
The mood in the economy is still bad, many companies now have to bear the high cost of capital and energy, and many companies are still highly overvalued. Nonetheless, there is a possibility of an upward trend, according to
Current situation If this scenario is true, we would be in the superior ABC and now start the last upward movement. Thus, the wave (ABC) would be completed. This scenario would be confirmed if we see a strong and clear upward movement in the next days/weeks. If wave C is reached, a TOP should form, which would then initiate the trend reversal and thus another overarching downtrend.
Strongly changing market. The market is very difficult to assess at the moment. A lot of economic news is affecting the markets very strongly, new political and economic changes are coming at a record pace, and most investors are still afraid of losing money. Therefore, this Double ZigZag scenario is one of several possible scenarios. We will publish a bullish scenario in the next few days.