US30 - Markets Getting Ready for Corrections

Market as a whole is in All Time High (ATH) zones and due for a correction soon. This can be evident from Warren Buffet selling majority of their stakes in companies and holding over $300bn in cash. Dollar is also in a very strong Bullish momentum which overweighs other pairs and commodities.

From technical analysis point of view, Impulsive Wave 5 is nearing completion and we can expect a possible reversal to below level once MA200 is also in touching distance. Please note this a medium term approach and can change depending on macro factors.

For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.

If you found this analysis helpful, please consider boosting and following for more updates.

Disclaimer: This content is for educational purposes only and should not be considered financial advice.