usdchf may continue the downward movement once this pattern is broken
if usd chf should break that couter trendline i will be selling because the daily trend structure has been broken
U can confidently sell eur usd now. the rising wedge has finally been broken
if usd cad manage to break that counter trendline i will be buy. considering the bullish structure of usd
if gold somehow break that pattern we are going down below that upward channel. reason being because of the divergence that forms on daily
if GOLD manage to break that trend line nothing will stop it from falling and reach that blue area.
it is imperative for nasdaq to witness deep retracement due to the divergence that occur on the weekly timeframe. that is to say, the current consolidation that is happening currently is a distribution by institutional traders.
gold should fall after it break the pattern, and considering the divergence that form on daily
i believe oil is done with the ABC correction now should start anticipating a bearish continuation from here
this is my long term projection on gold base on the ending diagonal pattern that is currently forming.
this is my view on usd index. despite the fact that usd is still struggling in consolidation i believe it is still going to be bullish because all the fundamentals lately are in it favor.
the bullish scenario will be only valid if the pattern is validated
it is time for eur usd to continue it bearish move after completion of its ABC correction
if USDCAD managed to get out of the retracement pattern then we can sell
USDCHF has manage break the bottom of the double top that form on daily. it is now retracing to test it. if it manage to break that yellow line i will be selling
THIS should happen if the price manage the break the ascending wedge
GOLD seem to have finally managed to get out of of 5 years consolidation. however doing so with such pattern formation is very unhealthy
GOLD will definitely retrace massively, it just matter of time.