The market printed out a nice impulse and corrections and then w and m pattern which currently it is abouve the m pattern if it rejects there we can expect more bullish momentum.
We had a great impulse and correction and wating for last push of continuation to the bullish side to finish up the whole momentum.
Gold expected to continue being bullish as the market printed a nice impulse and correction indicating now the last leg of impulse(continuation).
We can see a nice fake breakout after forming a confimation pattern beloow which is W pattern indicationg the strong bullish momentum.
Here price has broke above a strong resistant zone which is now acting as a support and waiting for a nice retest on fib level 0.382 retracement before continuation to the bullish side.
We can see nicely price broke daily and retest resistance and on h4 it is doing the same as were retesting the resistance.
Both weekly and Daily timeframe concluding that we have a strong Bulish Pennant Pattern on both timeframe so strong bearish momentum expected. Expecting TP at 1.12480 as it is nicely aligned with previous structure.
Both weekly and Daily timeframe concluding that we have a strong Bullish Flag Pattern on both timeframe so strong bearish momentum expected. Expecting TP at 19111.00 as it is nicely aligned with previous structure.
On Dxy we can see price rejecting a nice resistance which was a support previously, and expecting brearish momentum to continue till atleast 100.300
We can see that the market formed a nice impulse and correction, and now finishing up the last leg of bearish continuation. So more bearish momentum still expected moving forward.
We have a nice ascending channel with second rejection which indicaates that were short term bullish untill we get out last third rejection on our channel resistance.
Bullish momentum expected after taking out yesterday's low and the market price printed a nice w pattern structure which indicate the bulls are taking over. And price went to the neckline of the w pattern with a rejection candlestick which confirms our bullish momentum.
We can see that price formed a nice head and shoulders which indicate to us a nice start of bearish momentum, expecting first TP at 1.10500 and second one at 1.10230 breaking this two support will continue to 2nd support.
On daily timeframe price broke above previous daily resistant which indicates to us that it is not a strong support zone. Then price created a nice M pattern on daily and H4 indicating that the price is at the same daily neckline, which price must break expected and move bullish till TP @ 30.185
Here we can see that we just frmed a nice impulse followed by the correction and we waiting for bullish continuation to finish up the whole impluse.
The market from weekly perspective we can see it meet our M pattern print out which indicate bearish movement, and it rejected on the neckline also, so moving foraward to daily timeframe we can see the markt is printing the pattern which indicate a strong bearish structure with the same M pattern which rejected the the neckline.
We can see a nice 3rd rejection on our ascending chsnnel, which indicate to us that we can expect more longtime bearish momentum but now taking advantage of the pullback. to finish up our own correction phase bbbefore our initial continuation.
Us30 just broke the most important support to now resistance so more bearish momentum expected to the INITIAL TP