What's next for #Stocks? The $DXY rally off Jobs report ought to be short lived with short positions closed by midweek. Expecting a short pullback (~3975) before retesting the weekly range high late February ~4350. From there, FOMC will dictate risk appetite. #SPX #Investing Follow me on Twitter (www.twitter.com)
What's next for $BTC? I'm expecting $BTC to roll over after touching the D400MA late February. While its path is not for certain, I'd expect an early week decline into a bear trap SFP followed by a sharp reversal to the weekly range high ~25K. ⚠️ Daily FVG (below) $BTC Follow me on Twitter (www.twitter.com)
What's next for $XRP? If the $DXY weakens its Jobs rally as I expect, it should allow room for risk to move up into Feb. I'd expect a HTF SFP to form in this range sending XRP back down to clear the Daily FVG before a reversal end of March re: lawsuit resolution. If you like this TA, you may love my tweets, follow me (www.twitter.com) $XRP #Crypto
What's next for the U.S Dollar? My conviction remains the same that we may retest & reject from the yearly open, fall deeper into the Monthly FVG (clearing out LTF FVG's) before a 3-Day / Weekly SFP reversal into March FOMC. I remain bullish on risk for Feb. $BTC $DXY #Crypto - Like this TA? Follow me on Twitter (www.twitter.com)
My thoughts on #Oil in Q1 remain Bearish. I think many will be fooled by the recent price action of #CL. The local resistance appears to be breached but headwinds lay close as the HTF trendline & bearish retest of weekly range support at $85 should hammer Oil back down.
Looking for BTC to pushup and clear the weekly FVG's and breakout of both bear market resistances with large liquidity players front running the markets.
With the 2YR printing a M1 SFP we can expect a sharp reversal on yields shortly - this may be confluence for the bias of a FED pivot and return to risk.
Expecting XRP to breakout of it's bear market resistance and into 1 standard deviation of it's trading range above tapping the weekly FVG before forming a consolidated trading range.
Expecting the CAD to pushup into the Bearish OB from 09.22 | Target .76 - .765
Expecting DXY3D - TAP M1 FVG, Gather Liquidity, Dead-Cat Bounce into *Yearly Open* before Earnings will take-over sentiment of DXY.
Descending Channel shows two primary areas of interest should sell pressure enter the market this week. On the 12HR, we can see the multi-day smaller downward channel have a bottom range that market makers may be looking to sweep. If there are any unexpected changes to market sentiment due to CPI or FOMC, we may see an aggressive deviation into the larger...
Longing CADUSD into ~.725-.7275 as I'm expecting a return to the range high of .775 before a breakout to the upside Q1 23'
XRP | USD For XRP to remain bullish it should continue to form a series of higher lows and potentially follow the 12HR trendline up the range. Bitcoins movement may lead the market and create short term selling pressure on alt coins, however, it's my bias that the lowest XRP should go will be a re-test of the .355 or .3575 mid-line range before a continuation...
BTC | USD Expecting a re-test of 16.1K along the trendline before a break to the upside of the 12HR range to re-test 17.5K (June Lows) before making a decisive move back into the weekly trading range or a further move downwards towards 12-13.8K
DXY Expecting a choppy range for the DXY between 105 - 108 until the FOMC meeting in December. The descending channel gives us an illustration of where we can expect price to bounce around potentially forming a penant which could break upwards out of channel or downwards based on monetary policy shifts.
TSX | USD Expecting the TSX to show relative strength vs. other major indices due to the dovish BOC policies and a declining inflationary environment. Therefore, my bias is a short term correction into the FOMC meeting Dec 15th where the 19250 should hold as support into a reversal targeting 20,500.
GOLD | USD Expecting for Gold to spend 1-2 weeks re-testing the low 1700's before an impulse upwards breaking out of the Inverse H&S and targeting the $1950/oz range. *All eyes on DEC FOMC for a Gold catalyst.
OIL | USD Expecting for Oil to break down from the HTF H&S pattern and target the March 21' High between $65 - $67