The markets are reacting as if it had already been announced that there will be no recession, but is that the case? According to the current status, the FED has not yet confirmed this and there will be another interest rate hike.
So we're still stuck in inflation.
Still, we were able to close yesterday's candlestick above key targets as seen on the chart, but this has also opened up a new pool for us, of course it remains to be seen when we'll catch it again.
For the time being, however, we were able to advance to the next higher liquidity pool. We may be able to catch up almost completely in the next few days, but then we are rejected again at the resistance (the red line) and resume our downward journey.
Also important to note is that like last week we got another divergence on the MACD and STOCH-RSI which is a harbinger of a retracement, we'll see when that plays out.
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