Without giving too much weight to my recently updated US Dollar analysis, here I explain how a still unfolding Wave D could take the Dow Jones to roughly 50,000 temporarily.
I no longer believe that Wave D ended January 2022, but rather is ongoing with the potential for further gains.
The same is true for the NASDAQ which should set the stage for an interesting recovery back to the highs.
US dollars weakness appears to be the catalyst for such a move and is likely to cause confusion at the highs.
Technically speaking, once we reach the highs, we should be in a very similar position from that of February 2020.
It will be interesting to see what the global narrative is at the time.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
I no longer believe that Wave D ended January 2022, but rather is ongoing with the potential for further gains.
The same is true for the NASDAQ which should set the stage for an interesting recovery back to the highs.
US dollars weakness appears to be the catalyst for such a move and is likely to cause confusion at the highs.
Technically speaking, once we reach the highs, we should be in a very similar position from that of February 2020.
It will be interesting to see what the global narrative is at the time.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
