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Oceanai

ETH - Getting close to the end of correctionCOINBASE:ETHUSD is getting close to the end of this correction. Are we finished here or do we get to 2k before the final sell off to 6-700?? For me its still looking corrective and a move to 700 is likely to be coming shortly. What will be the catalyst for the next move lower? Trading much like the stock market, We have just come off a week where US Interest rates were raised, big earnings from the major companies and the onset of a recession due to 2 negative GDP quarters and yet the markets are higher.. 🤔🤔🤔🤔 2 CIT Windows on the 6th and 19th of August. These will be crirical for direction. Wait to see what next week brings and go from there.
COINBASE:ETHUSDShort
by L_F
2
SPX500 - Last leg of the corrective rally?OANDA:SPX500USD has started the last leg higher with yesterdays rally confirming it. This is looking like its going to get up to these levels and an ideal scenario would be into next weeks US Interest Rate decision where we see the market start its next leg down. Beyond 4100 and the correction could be over or a higher correction. For now on the Intra-Day im looking for a PB to the 382-50% ret area to get long in aABCD pattern would be ideal. Thoughts for now. Enjoy the day
FOREXCOM:SPX500Long
by L_F
SPX - Gaps to fill?? UpdateSP:SPX Cash market has a few gaps still to fill. Current rally from Friday which should follow through into Tuesday due to the market holiday tomorrow. A high percentage of times after a holiday the market is bullish so thats why im looking for that move higher to complete the pattern. If its going to fail then it will happen between 3850-3900. 50-78.6% retracements from the current levels. Other than that we will see what the futures markets have in store for us Monday and early Tuesday. We also have a critical turn point later in the week to watch. I hope this helps. Enjoy the week.
TVC:SPXLong
by L_F
DJI - Cash Market Gaps. DJ:DJI had the rally this week and finished with a strong volume day on friday. Looking to this week we have a Gap to be filled from the previous drop at around 32300. This lines up with the 707 from recent high and low. We also have 1 SD @ 32690. Anything above these levels could mean we have some sort of major low in place. At this level there is a Similar retracement from previous rallies. Some more higher prices could be seen this week. I will be looking for pull backs to enter long for now. I hope this helps, Enjoy the week.
TVC:DJI
by L_F
AUDJPY - ONE MORE MOVE LOWER!!FX:AUDJPY is setting up for one more move lower into the 92.00-92.20 area. This would complete a 3 Drive pattern into 92.00. At this level where I will be looking for a buying opportunity as we have the 50% and 61.8% levels from previous lows together which makes a stronger case for a reversal. We also have the AI expecting lower prices. If it doesnt rally back to 93.56 then I will be selling the first retracement from the current drop @ 11:00am. Another look at how AI and patterns can work together to give us a strong case for a trade. I hope this helps, Enjoy the day. 👍👍
Short
by L_F