Time will tell if this is the top or just a short term move down, but I expect the dollar to get its wave 3 of 3 up and the markets getting a nasty move down short term. I am looking for around 1150-1180 and then we will see if markets is holding up or breaking down from there. The move down should occur from today and until New Year. So dont expect a santa rally into Christmas.
Markets might very well form a HS pattern and we also got a hindenburg omen confirmed ( not saying markets will crash ) but just a confirmation of a new one. So be careful out there. Overall no matter what, if markets is going to move a lot higher , then we need at least a healthy pullback before moving higher. So my short term target is 1150-1180 and then we will see price/action (if its corrective or impulsive).
Have a nice day
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