This consolidation looks like a wave 4 retracement, setting up a bull trap before GDP, giving us wave 5 of 1. Next week should give us the last Christmas rally into end of year for a major wave 2 before capitulation January.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
