Watch out for the next dropThe currency has been declining for a year, and all of this decline is planned on the monthly time frame. All this historical decline is inside a bullish monthly candle. It is expected that the price will return to test the bottom of the monthly bullish candle, including buyers and the market maker. It will appear again to rise to the top of the candle.
Volumespreadanalysis
ADAUSDTWe are in a correctional area, not a motive rise, and this appears from the shape of the candles that have been moving horizontally for a long time, in addition to that the rise occurred in only three Elliott waves, so more declines are expected
Note: the analysis fails if the price closes in the highest area 0.397 usdt
XAUUSD SHORT BEFORE FED RATESOn gold, we have a price that, after reaching the 1965 zone within a supply zone, reversed its course due to the significant volume present in the area. Now, the price has started to decline, and a target is expected around the 1946 zone, where there is a high concentration of orders and a demand zone at the 1943 level. Therefore, currently, we have a profitable short trade.
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road mapFrom my knowledge of Elliott's rules and the application of the rules, it is possible that there will still be a decline in front of us in wave C that will end in the shaded area to end its historical decline and start the rise of the impulse at that time.
Note: the analysis fails if the price closes above the B area 107.5 usdt