Elliot wave nearing 4/5
Obviously the debt ceiling was going to be expanded since the Americans will not give up their "credibility" and the world reserve currency Expect weekly to close around $27.250
Wednesday
- French, Italian, and German inflation YOY
- Japanese Consumer confidence
Thursday
- Inflation and unemployment rate eurozone YOY
- US ISM manufacturing PMI
Friday
- US Unemploymentrate and non-farm payrolls
Looks reasonable to retest the former range when taking the Elliot Wave into account, $25.200 range top June 2022 – March 2023 has a lot of liquidity. However I am bullish from here
Target for June would be approximately around $35
Wednesday
- French, Italian, and German inflation YOY
- Japanese Consumer confidence
Thursday
- Inflation and unemployment rate eurozone YOY
- US ISM manufacturing PMI
Friday
- US Unemploymentrate and non-farm payrolls
Looks reasonable to retest the former range when taking the Elliot Wave into account, $25.200 range top June 2022 – March 2023 has a lot of liquidity. However I am bullish from here
Target for June would be approximately around $35
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.