US30 - Reached W Pattern target price!
Posted previously about this W pattern forming and the only indicator I could see for a bullish rally for stocks. Dollars strength is causing volatility once again. their is a H and S pattern formed on the DJI.
*stocks shouldn't be this strong whilst going through this tightening period, market sentiment is slowly changing as the Fed possibly coming to a end of the rate hike's.
I'm still expecting a dramatic pull back later this year. could be possible we see stocks break ATH then reverse as recessionary fear begins.
*stocks shouldn't be this strong whilst going through this tightening period, market sentiment is slowly changing as the Fed possibly coming to a end of the rate hike's.
I'm still expecting a dramatic pull back later this year. could be possible we see stocks break ATH then reverse as recessionary fear begins.
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