#weekly #2023 #forecast #trading setup
That sharp drop in $DXY (US Dollar index) we got in November 2023 is how typically a corrective wave 4 of (C) of ( 3 ) looks like:
According to the main five wave up fractal proposed by the Harmonic Elliott wave theory, that sharp drop should be followed by another rally in wave 5 of (C) of ( 3 ) up with an A-B-C subdivision:
If USD starts a new leg up that would put immense bearish pressure on equities and precious metals in the 1st Quarter 2023.
$NQ #NQ #Elliott Wave I watch that short term bearish scenario: NQ-mini Daily chart In the bearish case, at the
$ES #ES-mini #Elliott Wave #trading setup I keep tracking two scenarios / paths leading ES up to 6,000. The first
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