Colleagues, I believe that the upward movement is not over yet and at the moment the formation of wave “3” is taking place, but the chart shows a gap that should be closed.
Therefore, I believe that the price can go into correction of the small wave “4” to the area of 6823, but the priority is still the upward movement, as I believe to the resistance area of 7000.
Fundamental context
U.S. business activity strengthened in October: the S&P Global PMI rose to 54.8, indicating expansion in both manufacturing and services sectors.
However, uncertainty persists — business sentiment and export performance have weakened, while the partial government shutdown limits data visibility.
At the same time, the Federal Reserve is expected to continue rate cuts as the economy shows signs of slowing.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Therefore, I believe that the price can go into correction of the small wave “4” to the area of 6823, but the priority is still the upward movement, as I believe to the resistance area of 7000.
Fundamental context
U.S. business activity strengthened in October: the S&P Global PMI rose to 54.8, indicating expansion in both manufacturing and services sectors.
However, uncertainty persists — business sentiment and export performance have weakened, while the partial government shutdown limits data visibility.
At the same time, the Federal Reserve is expected to continue rate cuts as the economy shows signs of slowing.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Trade attivo
The support area has been reached, but the gap is not fully closed. Nevertheless, I suggest looking at long positions - perhaps wave “4” has completed the correction.
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🌅 INSTAGRAM: instagram.com/hellena_trader
🟢 Contact: t.me/Hellena_FX
Pubblicazioni correlate
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✅ Free TELEGRAM channel: t.me/HellenaSignals
🌅 INSTAGRAM: instagram.com/hellena_trader
🟢 Contact: t.me/Hellena_FX
🌅 INSTAGRAM: instagram.com/hellena_trader
🟢 Contact: t.me/Hellena_FX
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.