Like many other things pulling back, and according to how the Dollar DXY looks, i am expecting a dead cat bounce on it and that will give us a 5th wave down (Silver). So, here we got on daily a ict unfulfillment, some major support, and the 5th wave down... I am not shorting this, Only waiting for it down between 26 - 25.7 . here is where i will long it.
In the past bull run saw LTO and INJ taking off out of a similar PA. 0.4 ish price is key to be held.
Distribution phase after an extended 5th wave of this cycle.... potentially 19000 , but imho doubt it as many EU/German big companies have cashed out to pay their CEOs and employees (e.g. SAP). non-financial advice
There might be some news behind this one like the one where Binance listing FLOKI/FUSD today! that could turn out bullish imo... dyor, non-financial advise. pay yourself on the way up, ALWAYS!
possible reverse if flips the channel, otherwise down to the 786
looking at a macro could be that it has completed both and impulse ABC and an EW... whats on the table is that such impulses could go a bit higher (next fibs up) , so far has been rejected multiple times from this 100% fib. dyor. but i see this coming as low as 19.5k .... ps. still hoped for a higher short entry 30.5kish
going fly fishing on this one (bounce).... ps. i was told once, " if you dont have anything good to say, dont say it" lmfao... timber this cripple!
We will see if this cycle ends with a nice dump, it would all depends on the euphoria on the markets. Wave 5 can always exceed the 618 fib ext level. we might have a lower low like in 2015 (pic attached), based on prev history it repeated the rejection from the middle section of the GC , like we did few days back (second pic attached) have a great weekend!
The idea is similar to the past, touched the penant and rejected, losing 108.3 and it would be all fire works! if you know where to short this stock let me know please.
Looking at this for awhile, same as DXY (catched the top). So for USDJPY wanting a one more push to have a better Short entry around the 200ma or possible 5th wave fibs (786 / 886).
S&P failing to breakout , smells like Recession (WAIT for a BOUNCE to SHORT) There was an ABC move completed on SPX , and looking that DJI failed to reverse from that inverted C&H ... SPX is more likely to give us a dead cat bounce. worth shorting it.
After and extended wave 5 (downards) and sell off, a potential bounce could happen here. DYOR
As previously posted on the short call, it reached the point of no return and bounce. such point is imo the top of wave 3 , meaning it could still do a higher wave 5.
As some of you recall, i had been looking on this to longed, somehow BingX removed it and put it back in for trading . so when that happened i stopped loooking into this until they put it back in. anyhow, this one is good for a long run and i would say it could only give you good entries... my idea is an ABC (grabed some on the end of B), but if i look left...
DAX has rallied quite well, if i had to guess this 886 fib could be a great rejection. similarly like GOLD did. - not financial advise.
lets ride the 5 wave , bullish level must hold!! good luck
Big ABC correction here. on a desc channel. Looking at previous lows a 166% correction (of an ABC) may take place imo! dyor.
definitely rallied after a triple bottom, but should stop at sometime!!! worth keeping an eye!