Based on my analysis on a higher timeframe, the monthly timeframe to be precise. Overall, we are in an expanding correction and price as being respecting since market went into a correction phase. Last week, we saw price drop of about 5.04% and we probably had a rough week because was NFP week. Right now, we are in the last fifth wave of micro wave C ending the whole correction.
My anticipation is that market will form an ending diagonal pattern which will probably lead to a trend change. let's see how the market plays up onto Wednesday, from there will be looking for continuation to the upside following the overall trend of the market.
My anticipation is that market will form an ending diagonal pattern which will probably lead to a trend change. let's see how the market plays up onto Wednesday, from there will be looking for continuation to the upside following the overall trend of the market.