Price looks to take out the old dotted high and roceed with downtrend since it broke trend to the downside
Classic AMD setup in formation. as we are now in second half of the year, i expect price to reach resistance and reverse from here on to take out the low of the year. i expect markets to bleed the second half of the year
We are now at the second half of the year. By use of quarterly theory, it is also evident that we are in the third quarter. I see (XAMD) pattern. by which the X is clear to see it as reversal For knowledge purposes, X - Reversal/Continuation, A - Accumulation, M - Manipulation, D - Distribution. Usually, we have either a (XAMD) pattern or (AMDX) pattern. For...
Price is about to complete its correctional wave on HTF. currently we are seeing a rally towards the FVG. This should trigger a sell in the coming weeks to the FVG below, which will complete the correction wave B to proceed with the rally to take out the significant high for correctional wave A to form wave C. In hindsight, DXY should be bearish, but the...
Market maker buy model. Price to fill imbalance. I’m expecting a long setup to form during the week.
Price has broke out of trendline and has now hit a resistance. We are now witnessing a possible retracement in price before the continuation of the bullish move. Remember, trendline is basically a form of liquidity waiting to be purged by price. What we could experience next is, price will retrace to the grey FVG highlighted below. This is the base that broke...
Price is looking to break out of trend line. It should be worth noting that a trendline is a form of liquidity waiting to be purged. Therefore, the momentum we are expecting is for price to go bullish, break trendline. And fill the imbalance created from the FVG (fair value gap) which created the imbalance to the downside and broke the initial bullish structure....
Price has touched QML. We could see it coming down from here. My base target is below $15k. Market has reached exhaustion of bulls
Price is showing signs of Quasimodo pattern. I anticipate price to tap into the FGV before we start seeing the plummet happen. I estimate in the next 2-3yrs will be enough for it to find balance in the market before we start seeing it go back again. My guess is, when this happens (before it starts going back up again), the supply will be exhausted and there will...
Still following up on my HTF theory, just waiting for price to balance the imbalanced region before it starts to go down.
Looking at the charts, price seems to be forming a consolidation which will amount to the effect of it going down eventually, what we’re looking at is a long term possibility of price retracing back and taking our previous year low, after the previous year having a successful rally. Looking AG the DXY chart, it seems to be favoring the strength of the $ as well....
Every time the fed raises interest rates, there has been some form of upward movement. The last time the federal reserve increased their interest rate was July. Since then we have not received any rate cut. The upcoming federal meeting, I’m seeing a possible rate cut. Seeing as inflation is still not where its supposed to be (below the 2%) threshold, this could...