As per my last analysis, Pirce is currently holding the 0.786 and looking for momentum
for a highly possible bounce. However today we have CPI report news so please
approach the markets with caution.
Am of three views ;
1) Market has already priced in any FUD reports from the FED and this short-term
correction is over.
2) A shake-out scenario where price winks down and quickly rallies back up.
3) Break of bullish structure and continuation to a prolonged bear market.
IMO 1 is more probable, 2 is also likely as whales like manipulating the market and grabbing
liquidity, especially in such uncertain fundamental news seasons. 3 is my worst-case
scenario.
I remain bullish as I believe the market has priced in any possible FUD that may come from
the FED today.
TRADE SAFE.
for a highly possible bounce. However today we have CPI report news so please
approach the markets with caution.
Am of three views ;
1) Market has already priced in any FUD reports from the FED and this short-term
correction is over.
2) A shake-out scenario where price winks down and quickly rallies back up.
3) Break of bullish structure and continuation to a prolonged bear market.
IMO 1 is more probable, 2 is also likely as whales like manipulating the market and grabbing
liquidity, especially in such uncertain fundamental news seasons. 3 is my worst-case
scenario.
I remain bullish as I believe the market has priced in any possible FUD that may come from
the FED today.
TRADE SAFE.
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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.