WTI-Oil 5TH MARIs Sunday again with starting our analysis off with WTI oil.
For us it's a pretty simple setup this week. We're looking for a play off of the supply at the high of our swing, we're looking for price to drop down lower towards the 15 minute demand that we have highlighted below.
Now of course, if we don't get a reaction at this supply. We will look for price to travel back down to buy up into the triple top we have on the daily time frame.
Make sure that you always use your confirmations to get into a trade and always be flexible with your analysis. Remember, sticking to your trading plan and consistently entering the same setups will bring you profitability.
If you like this idea, drop us a boost and a comment down below.
We hope you all have a profitable and successful trading week.
US-DOLLAR
US30 TO 31700A peak was made when price was almost at 35000 and it has been bearish ever since, currently price is forming a bearish penant pattern that I expect that price will fill the imbalance at 33750 before it sells to 31700.
US Dollar Currency Index (DXY)US Dollar Currency Index (DXY)
1W hollow candlesticks
After an ATH (All-Time High), the US Dollar Index appears to be finding its first major support area, which occurs from the golden ratio of the Fibonacci Retracement sequence.
Two triangles are formed, two ascending triangles.
In the first triangle, the breakout will occur at the end of 2022.
Certainly from the new year, it is most likely to break the Resistance area, located at 103.650, as it will then enter the second smaller triangle.
Towards the end of 2023 or even earlier, seems to be the next support area, which is clearly seen by the extension of a second Fibonacci Retracement.
The point is that the dollar is starting to lose value, while the euro is gaining, as also Forex market is starting to lose ground.
That's for now.
Good luck.
#CryptoHellas Team
US dollar DXY sell strategyDXY weekly chart.
I find a great time to sell, is when the price breaks the Bollinger channel to the upside. An aggressive strategy for sure, but can nail the tops.
IMPORTANT
-price can keep climbing so I rebuy if it runs up past my sell.
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and observations only!
LUNCBUSDMost likely LUNCBUSD remain in Buy for more years or even touch 0.5 or more so, so according to technical analysis i will give very big profit
US100For the method and strategy I used, this was a long trade but still easily manageable and highly profitable. With how this played out, we got to see that US30, US500 & US100 are not the same but have few similar characteristics. They all volatile, influenced heavily by fundamentals and easily misunderstood. My hate of overnight trades wants me to close, but rather I am letting my trade hit one of my exit points. SL has been moved into profit with more than enough breathing room.
Tomorrow we try again.
DXY USD dollar going down to 110.05 or 108.30USD ELLIOTT WAVE FORECAST... : This X wave (yellow) had reached the golden fib and the intermediate C (pink) reached the 123%.. only one more possible target at 113.57. If the $ is reversing here, we most expect a retracement at least around 110.045, but 108.29, 107.25 and 105.51 are also possible. Other possible targets are 107.25 and 105.51.
BTC/USD,DXY/Recession proof 4h chartHello guy’s hope you all will be fine.
Today we will try to find the next move of btc. There is possibility of both loss and profit so i never give you financial advice. But i try my best to inform you the possibilities of next moves in both side
As we all know btc is trading previous week between 19500 and 20k.
There is A trend line on lower side which retested almost 4 times while on other side trend line tested only for two times which lies on 20-20200 area on 4h time frame.
So guys British PM is going to resign next year 7th July.
But there is a question.
What will be the impacts of his resign on market.?
I wana like to tell you that the largest reserve of gold is holded by Uk.
So here we can see another recession risk because you don’t ever see it before.
Let’s move toward BTC,so in previous update I already mentioned 23k before 16k.
But you should be aware of both.
21 sep there is meeting minutes of FOMC to increase or decreasing the bps point but if they increase it again then again it will be worst for BTC/Gold.
DXY(us dollar) is touching high since 2001.
It’s another point that take us toward recession.
The high is expected of DXY is 111,114.
After that we will see the recovery of BTC/GODL and all stocks.I will like to warn you that a big recession is on the way to destroy the world specially underdeveloped country.
So i again saying we are going to face historical financial crisis in whole world.
So,Reserve your money in USDT not in locale bank or in hand.
There will be opportunity for newbie’s.
So keep eye 👁 on DXY/BTC.
We Will meet again on Monday.
Thank you for your concentration.
Good luck.
📉 #DXY #REQUEST #IDEA 📈📉 #DXY #REQUEST #IDEA 📈
We are in an ascending broadening wedge - these have a very high chance of breaking down (approx. 75%+). Currently got smashed from a bearish divergence although a bullish hidden divergence has popped up on the supporting trendline along with the 100 EMA there too. Realistically a bounce here is possible although bigger factors at play than a few lines on a chart.
It is also setting up a H/S pattern so losing can crash heavily to 101.574. There is significant support at 103.851 but I don't think it would hold.
We are at a key point of decision we break down on this supporting trendline then its very bearish a bounce could see a pretty massive move up to 112.