A-B-C Correction Trading Wave C to the downside. Big Move if it eventuates
A-B-C Correction Trading Wave C to the downside. Beginning Shortly
Ultimate Lows to Ultimate Highs. 1.04 range to High 1.30's Range. LONG
-SPX500 has touched the Weekly 200 EMA - Definitely worth considering some Long positions in the 36xx range. -Weekly Chart RSI near the 30 level.
It's Game over for the Indexes. 1900 being an optimistic target, if we don't overshoot the bottom like we overshot the Top.
XAU/USD take two - SHORT XAU/USD take two - SHORT XAU/USD take two - SHORT
Daily Confirmation given, Fake out Confirmed with a DAILY CANDLE CLOSE below, BACK INTO the Compression Triangle.
Can the JPY find support? RISK OFF environment, RISK ON pair -SHORT
*This candle breaks and closes Below key level * Breaks and closes below Daily 200 EMA 44,805 * Back into the Compression triangle Bearish Bias with Daily Confirmation given. KEY LEVEL 44,650-44,820 will decide future direction, but for now, bears are in control.
Could potentially be seeing a Head and Shoulders pattern forming, which is more prominent on the Daily, but for the sake of seeing the full picture I've chosen the Weekly Chart. - Head and Shoulders Pattern - Sharp Sell off to Complete the H&S's - Bought somewhere between $22-30 , to complete an Inverse Head and Shoulders (Right Shoulder) before the rally starts.
Another possible scenario for bitcoin. (If Fibs even work on it...)
XAU/USD Take Two - SHORT XAU/USD Take Two - SHORT XAU/USD Take Two - SHORT
Very simple, Higher Low on the Weekly, BUY for a sustained upside move
-Bouncing off Weekly TL Support - Inverse Head and Shoulders H4 - Multiple Interest rate Hikes throughout 2022-2023
STRONG BUY - Trend Reversal - Positive Divergence RSI - Looking like an upside break of compression triangle - Upper Resistance 4935-5000
- potential Head and Shoulders - Previous area of Resistance After yesterday's display of JPY Strength, there could be a potential SHORT for EUR/JPY