HerWill
This juncture looks like a solid base of the bulls. What I see: - nice divergence at the bottoms (2 - 2, it can be a "slingshot" easily) - a massive key level for the bulls by the volume profile - the minor 1 wave's top as critical level for the bulls Prepare for a massive jump, the bulls will attack these levels.
I'm not so surprised if the OPEC activity it will works. At this moment it looks like the price action suggest bullish movement.
The subminuette III is already ready and the price has been finished the first micro cycle (red 1-2) which will build up all the five waves until the subminuette V.
Today is bank holiday in the USA, the unregular market condition provoke a pullback.
Not so nice and jolting "pumps" on the chart of wheat. It means that all of these assymetrical, not impulsive price pumps have corrective role. Obvious, because all of these are moving in one nice and clear corrective channel. I'm waiting for the last HH. Bullish, than bearish
The NFP turned on the bulls. I think the whole october is about the bullish power.
Signs of a bearish bias are accumulating. Now a double top pattern is completed on the right place.
After I made the renumbering the price made it a lower low. The only direction is down. Bearish than bearish
The price failed to break above 20.171. This juncture shows a massive further weakening as how I suspected. Bearish, than bearish.
First building block of the 3/3/3 is ready, Minuette (2) in progress. Bullish, than bearish.
By this juncture I think we facing with a black monday. Bearish, than corrective bullish. Update tomorrow.
By this juncture I think we facing with a black monday. Bullish, than bearish. Update tomorrow.
last massive bullrun before the drop off. even if it looks like a powerful recovery, we are still in a consolidation phase. tricky
How I think, we are exactly ahed of a massive moneyburner wave or juncture of waves before the next push.
sad but I'm thinking in a bloody monday by this juncture
The price action suggest that the correctional movement getting to be finished. A breakdown can generate easily the next selling wave.
Flat correction of a flat correction. Based on the RSI divergence, there the price got his short term support around 1.0350. Impulsive wave in the cards.