Jp225 is in downtrend and as you can see it is corrected the price(correction in 1H chart as well). And going to strong impulse asap.
Bear market setup is complete. Looking forward big rejection from that keylevel area in 1 or 2 weeks.
Price is just coming above the support line. I think it will give us pullback to the support. So let's see what will happened. It is just an idea so :D
Which means we have sniper short entry in XAUUSD soon
Looks like rejected the top of pitchfork. + RSI too much bought. :D
As we know Russian Sputnik vaccine news had impacted gold to start falling. This trendline is very strong and tested manytimes. + support line 1 is crossing. So I think it will reject strongly. USA federal reserve guys are gonna tell us something important soon but that won't effect gold very much. Because vaccination is ongoing. Which means we will coming to live...
Buyer pumped the price so well but RSI shows us pretty good divergence. In this case I am looking down not up...
I think price is double bottoming now. + it is at the bottom of the falling wedge pattern and on the top of strong support zone. If price goes up to check the TP1 we have to observe for next move. pullback and go tp2 goodluck
Big 3 Indexes are similar but Nas100 is more dynamic compared to SP500 and US30. I mean nasdaq is faster. So I use this trick as my indicator as well
just waiting to test the red line. all i am doing is waiting :D