If we are to base our views of this chart like we would any other price chart, the harmonics we see forming here would imply that US Inflation is reaching a peak and that we will see Inflation come down signfiicantly over the the coming years. If i were to give a target i'd say we'd wanna see it come down to atlest 3% as a first target but it could go down even more depending on how tight things get.
The smaller harmonic is a Bearish Butterfly with a reversal zone between the 1.272 and 1.618 and the bigger one if we get that high is a Bearish Shark. Ideally we'd like to see the Butterfly playout and us not to have to go as high as the Shark.
The smaller harmonic is a Bearish Butterfly with a reversal zone between the 1.272 and 1.618 and the bigger one if we get that high is a Bearish Shark. Ideally we'd like to see the Butterfly playout and us not to have to go as high as the Shark.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.