SPX500 is at a top and we have a sell setup. Impulse down and 3 wave "abc" correction or you can call it a bat pattern if price reaches the D leg completion point (2,442.2). Either way watch this for a break to the downside alot of usd news tomorrow could push this pretty fast
Been waiting on this to break the a wave low for a long time. some more down is possible watch for the breakout
Watching AUDUSD for one more move up to complete a min 3 wave correction before selling
Watching this for a buy. Even if we only get consolidation back to trend line its a 3:1 risk reward with potential to go higher. I'm watching this close as i'm in the sell from the top and i'm hoping this just blows through the zone and keeps going south but that may not be the case. CAD Interest rate news on the 24th
Waiting for the bigger move down on the GBP pair's this is loooking like it has one more up move to create some better divergence before the downside.
Watching oil for a consolidation on lower time frame for a buy, down side from here looks limited and would expect at least a consolidation into the 48 level before we see any more big moves down. We could be making a running flat for another impulse up and see price climb right up to $60 so buying looks good once it meets my entry rules
Looks like we are getting one more move down before this correction is over. Watch price action at the 1.27 extension of all the 3 of the moves we currently have in this correction, they all line up at the 98.00 level and with divergence already forming i am looking for a reversal to the upside pretty soon. This should be the last move up we have in the us dollor...
GBPUSD higher time frame analysis, Check link for lower time frame.
EURJPY looks good to sell if me make a flag a break to the downside, keep an eye.
Waiting for NZDUSD to test supply before buying, We have divergence and are expecting upside on the DXY, once we hit supply buying looks to be a good idea. Been waiting for this down move for a bit now, took longer then expected but were finally getting it, check link below for pervious posts.
EURUSD looks good to sell, Double top within supply zone, We are at the trend line and looks like we made an expanding flat after touching the trend line. We have divergence in this structure at the top. I am expecting upside in the dollor which could be what drives this to the downside and break out of the bigger correction check the link
CADJPY is now entering daily demand and trend line line we are makeing divergence. this could be the bottom watch for impulse consolidation on lower time frame for buy set up. Check out link for same setup on lower time frame posted 2 weeks ago expecting a possible leg down.
My previous post on oil suggested to wait for divergence on the 1hr before selling, because I expected price to crawl up some more. Now we have gotten exactly that and it looks good to sell oil watch for the breakdown.
Watch for breakout, this could be the one that breaks the down trend. Been short on this pair a while checkout my previous short call in the link below. Don't miss the upside in all Jpy pairs this one has a nice setup as long as dont break the low.