Rising trendline breakout after meaningful correction
USD index presenting a huge opportunity for the upside With an inverse head and shoulders pattern and RSI divergence
BTC topped for the time being as key reversal pattern rising wedge is broken to the downside. I expect deep pullback to the next support around 40K and could be towards 20K major support based on the price aciton at 40k levels. Time for cryptos to bleed red.
While all the talk in the town is against USD, My view is for stronger USD at least to the next target 94 ish mark, if not more. Trade is invalidated on a daily close below 88 Weekly RSI divergence also supports the idea thank you
H&S formation indicating a decent pullback, this could also be the indicator for pullback in share indices. Pending orders below previous low waiting
Break of neckline and trendline would give good entry. Trade is active only if the above conditions are fulfilled.
Bullish after break of wedge and trendline, RSI downtrend is already broken
Trend line and head and shoulders break at same time could be a great opportunity
RSI divergence recorded, price break expected next week
I expect the major trend continuation, If trend is broken it could fall to 0.82 quickly. Either ways massive move expected. It has got more upside due to fiscal firepower left with European countries than US Thank you.
If you are a long term trader, Vix is expected visit the bottom. and I expect it to happen faster than it did in 2008 Thank you
Vix is getting ready to climb. Be fearful when others are greedy, I mean extremely greedy. It might take few months to realise profits but patience is the key. Downside can only be around 9 to 12 range but the upside is exponential. Thank you