NASDAQ is trying all it can to shake out the weak hands before the free fall. but i am not falling for that.
After an impulsive move to the downside, we are now once again having a complex correction, i am expecting a continuation to the down side after the price breakout of the current consolidation.
Considering the highly over bought condition on Gold i believe it is about to retrace massively.
this is our second episode of the market discuss series. we cover DXY USDCHF AND USDCAD
Nasdaq didn't respect the pattern we anticipated last week, but the bearish bias is still intact. this is the new pattern i am expecting the market to form henceforth.
I believe usdchf will rise for the last time before major retracement happen.
GOLD has been in a consolidation for a while, and it is currently at supply zone, i am expecting sellers to come in push it south
after several divergence on the RSI the nasdaq form a wedge pattern which has also been broken last week. I am expecting it fall soon
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the consolidation that is currently happening on GBP look like a potential head and should pattern and we all know what that means.
the latest bullish move on AUD is just a mere correction, from the daily timeframe perspective the market is still bearish and we may witness a continuation anytime soon.
USD JPY may witness a huge retracement after a push to the resistance level
eur usd break the intra day wedge pattern that has been in formation for a while. however the trend is still intact from the daily perspective. the bullish rally is just a short term retracement and it is exactly at 32.8 fibo level of the overall daily bearish trend
i am basically grounding this analysis on the rsi divergence that form on the weekly timeframe