๐ฐPost-FED NASDAQ(US100)
๐ฆFundamental Analysis
There is no change in the general projection of the FED.
+0.2 high or -0.5 low inflation data can occur with simple price fluctuations. (Commodity Prices)
Unless there is a significant deterioration in economic data, the FED will be determined to reduce inflation.
Because long-term inflation leads to price uncertainty, leading to uncertainty on the supply-demand side. (in summary)
โณIf We Examine the Price Charts on a Weekly Basis
We see a 3-wave bearish movement from the 16.700 level to the 11.000 level. (ABCD Pattern)
After the ABCD formation, the price can be expected to rise to a certain Fibonacci level of 0.382-0.618 between A-D.
A weekly close above 11,500 will be positive for the price.
The downtrend line is an important resistance line.
The price may be forming a Quasimodo Pattern.
๐ฆFundamental Analysis
There is no change in the general projection of the FED.
+0.2 high or -0.5 low inflation data can occur with simple price fluctuations. (Commodity Prices)
Unless there is a significant deterioration in economic data, the FED will be determined to reduce inflation.
Because long-term inflation leads to price uncertainty, leading to uncertainty on the supply-demand side. (in summary)
โณIf We Examine the Price Charts on a Weekly Basis
We see a 3-wave bearish movement from the 16.700 level to the 11.000 level. (ABCD Pattern)
After the ABCD formation, the price can be expected to rise to a certain Fibonacci level of 0.382-0.618 between A-D.
A weekly close above 11,500 will be positive for the price.
The downtrend line is an important resistance line.
The price may be forming a Quasimodo Pattern.