We pointed out the potential for a sharp #Bitcoin drop in yesterday! Quite remarkable how the support zones played out!
Currently under the macro UTL but holding a support zone for now...
Today we are going to look at the good, the bad, and the chop! We will also see if anything is setting up into the afternoon!
$TNX potentially working on a notable sideways Cup & Handle...
There is a weekly closing gap at 161.42 and below there is 150.60. If there is more bearish price action, these could be targeted by sellers.
#ETH is developing a strong candle over the recent DTL, so we will see if this is turning into a bull flag. If so and it breaks above, we could see a push to ATHs...
#Bitcoin has been consolidating over the last few days. The good news is that it is not dropping, so we will see if there is enough energy in the next few days to push over 60000.
The #EURUSD has been in a downward channel for quite some time. The recent undershoot of the channels shows some support but it is having trouble gaining momentum and below the recent drop zone.
Now it looks price may be working on wave (ii), and the impulsive upside action today could have been wave a of (ii)...
Upper shadow meaning that there was some sellers near the highs, and it turned out to be choppy for a good part of the day. Thinking wave 2 action, which I will show in a few...
Keep on the radar if it shows continued strength. A push over today's highs could see the next pivot level if volume continues to flow in for the bulls.
The trend is our friend! Covered this and more in our live stream today!
We were tacking this on our recent live streams and today saw a momentum push below the geo line and filled two daily gaps!