Weekly trading plans: EUR/USD, S&P 500 and WTI [Video]
|Last week the global markets were down, hitting the lowest price in 2022. Will they recover, or are they in a bear market? Having a bias with precise timing to enter the market is crucial to survive. The Elliott Wave theory helps us understand the current institutional market cycle to define the upcoming strategy. The Elliottician can read the supply and demand market sentiment to make better decisions. Nothing better than seeing the theory in real-life action.
Key points about the weekly Elliott Wave analysis:
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The US Dollar is weakening; institutions seek riskier assets, good for the SPX500, BTC, EUR, GBP, ETC...
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Critical week to validate if the EURO and SPX500 reversal are true. After a successful downward test, confirmation will be done.
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If markets move up, inflation needs to lower, OIL equals inflation, and we need to see the oil moving down.
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