For the upcoming week, I anticipate overall bullish momentum. Last week, we may have observed a potential (1)-(2) wave formation. On Friday, a smaller 1-2 wave pattern seemed to emerge on lower timeframes (marked in yellow).
A break below the yellow Fibonacci level would support my earlier idea that we might first see an ABC structure within wave (2). However, I believe it's more likely that we have already hit the low for wave (2).
This is my outlook for the week ahead: The dollar appears to be at a tipping point, where bears might start taking control.
Trade ativo
running in profit
Nota
Hello Traders,
In the smaller timeframes, we created a 1-2-3-4 setup today within our larger wave (3), setting the stage for wave 5 tomorrow.
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