kinda curious if the bears can use the momentum of the orange correction zone to reach its TA (Turning Area), however with dollars current weakness and my bullish bias on spx i wouldnt be surprised to see bullish movement forming after tapping into the grey BC. The Bulls could use that momentum of BC to finally finish the grey sequence
Note
With EUR/USD's current sentiment i wouldnt be surprised to see some bullish movement into our Orange BC area. Thats why i will position myself SHORT once we reach it. MY goal is to wick beyond the grey point B to inavalidate its sequence. Inavalidation for my idea would be reaching the grey BC area before touching the orange one, if that happens ill cancel my short orders and switch bullish
Here, I share my market outlooks, highlighting key levels and directions I'm watching. This isn't financial advice—just my perspective. Don't follow blindly; always do your own research.
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Here, I share my market outlooks, highlighting key levels and directions I'm watching. This isn't financial advice—just my perspective. Don't follow blindly; always do your own research.
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.