Going for Sell as Im clear on my set up lets see how the Price reacts the Zone in Up coming week. Trade safely guys and let me know your views on this in comments.
(2:35) #Dollar #BullFlag (3:25) #Dow #djia #bearflag (4:30) #VIX #inversecorrelation (5:40) #Ethereum (6:35) #Bitcoin #Dominance (8:00) #Fibonacci #Retracement (11:00) My line in the sand
Pair is very bearish on the local trend which still provides traders with an opportunity to sell, This is a good selling opportunity
Wave 4 has suffered in the form of a triangle and Wave 4 has completed the microwave. The trend continues in the 4-hour timeframe. The correction continues downwards. It is now in the range of Wave 5, and it started. The usdcad update is loading
Broke the strong support so big move towards selling.
Based on previous price moves, these selling waves last from 3-5 days sessions. Yield inversion has tanked techs, selloff could intensify. (overlay from 2-5 Mar) BUT; If this holds, expect a smallish bounce 19 Mar, more selling on 22 and pivot to long entry on 23/24, as it did last year on those dates. NOT investing advice; trade at your own risk! GLTA!!