By Wave Analysis, Initial move to little upside for the target1 mentioned in the chart. Once the "E" wave of Triangle pattern completed, then strong impulse of downside to Target 2 is expected.
Technically the pattern is ready for big move, but fundamentally ADP and Federal fund's rate will decide the direction. If both are in alignment then perfect move of downside is expected. Or else change in structure is possible.
Technically the pattern is ready for big move, but fundamentally ADP and Federal fund's rate will decide the direction. If both are in alignment then perfect move of downside is expected. Or else change in structure is possible.
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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.