I dont think demand will absorb supply this time but againg there are 50 Factors that Affect the Value of the US Dollar.
When indicators go crazy focus on Supply and Demand... Gold is heading to $1280 and will create a new trading range to test how strong demand is ... On july 4 a big bear candle with support at $900 and automatic rally to $1200 appear in my chart... I tought it was an error from Trading View but this crazy movement with gold is making me think that it was a big...
The good new is that Gold will continue it is uptrend continuation
Wickoff and Dow Theory combined... If you like it hit the thumb up...
We are humans and before going forward we like to test and retest ...This time is not different and the momentum on the daily is starting it is transition into negative territoty + bearish macd crossover... I open a long position in $labd yesterday but the drop in $xbi will not come until next week..Friday should confirm the berish trade setup and i will be...
The first thing that we do when analyzing something is looking for patterns but since we are in a bearish trend there is a 50% change bullish patterns finish their target... 46.50 is a very strong resitance area or ( market overhang in the institutional level ) The true is that they are in a hurry to sell because things are going to get worst and now that we...
This chart make more sense on a 15 minutes time frames but trading view did not let me publishit... The 15 minutes time frames can be used to identified the event and phases of distribution in a daily tf when the market is in a downtrend or acumulation in an uptrend but you need to study biggertime frames to understand the big picture and eliminate the noise...
I dont really like waiting for Heiki Ashi to confirm a trade setup so i believe this is a very dangerous territory for oil bulls and a reversal is about to happen. Better to keep trailing your stop losses because the monthly momentum is losing power...
ALL THIS SELLING MAY LEAD US TO BIG GAINS IN THE FUTURE... DETAILS ON CHARTS WITH POSSIBLE ENTRYS MARKED WITH GREEN CIRCLES
Last time i miss the entry because i did not complay my rules of eliminating noise... I did not analyze the big picture first... This time is different and i am ready for a short position and get disscount iN the process... Levels to watch: 77.02,75.69 -73.49
SYMMETRICAL BULLISH TRIANGLE TARGET $2950
On the hourly the 50ema cross the 200 ema and in the 4hour the 13ema cross the 50ema... Entry 16.70. Target 17- 17.50
THE SECOND TSUNAMI WAVE IS ON THE HORIZON AND IF YOU WANT TO SEE WHATS GOING TO HAPPPEN CLICK BELLOW
XBI UPTHRUST CAUGHT A LOT OF PEOPLE WITH THE GUARD DOWN BUT BEARISH DIVERGENCE WAS A WARNING FROM THE START.. Everything happen so fast when xbit started to plunge after IDMC recommends ending late-stage trial of colorectal cancer treatment and this event that happened at 2:40pm on friday overturn $xbi at the same moment and now is going back to 400 EMA ...
When metals go down the fall toghether... Bearish signals on smaller timeframes but on the daily stochastic and rsi reach overbought...Time to short and buy back at $750..
THE BIG PICTURE IS A BEARISH SIMMETRICAL TRIANGLE AND DOUBLE TOP WILL CONFIRM BEARISH REVERSAL... At the end this baby will be "Falling Like the Fahrenheit"
Macd getting ready to cross on the daily and bullish momentum gaining power...