btc if we can roll back up... that will be a buydaasfeasdfsdgfsdfdsfsdfsdfsdf
if btc wants to continue the 4 hr trend these are the levels to hold in order to keep pushing before a daily pullback
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oil has found itself at some good resistance levels. I believe the pros will shake the market out and we go lower. and only then WITH war oil will rally very high. see my alternative on the chart
bonds trading AT major resistance... a pullback should take us lower
Gold is extended. period we are due for a pullback. either short gold, or BUY reverse ETFS. Manage risk accordingly!
If we indeed are in an ending diagnol we should see one more leg higher in wave 5, and then flush for the larger degree wave 4. I have labeled 2 possibilities, either we start breaking down now and get a retest and get short. or gold wants one more leg higher and after that the move will be ready to produce a weekly pullback. Looking at larger context, we are...
my next 2 trades for the mes. (only documenting for myself)
SPY is in the area of EXTREME Resistance...... We are at a level of a 2008 swing right now. we are CLEARLY extended. I am shorting now.
I remain bullish on crude oil. Heres my projected elliot wave count
gold is now at long term resistance. A pullback is very likely coming, and has already begun. The green lines as seen in the chart is where gold will likely come down and find support. Be ready and get the shorts on.
Had to reasses my elliot wave count here and adjust accordingly. I did not get in a long since the smaller time frame never ended up confirming, this is the updated count, we may have finished the 5 of a ending diagnol here, and will get long if we get a 30 pullback and 5 to confirm.
I believe that the lows are in. We should find support in this area here for a bounce.
Ending Diagnol on Crude Oil, Once this is confirmed, Ill get long.
As mentioned before, Crude Oil is going to find lows very soon. I believe we are in a WAVE C of a correction, and need to finish 5 waves within that C, as labeled in the chart. After we get this finish, it is very safe to say crude oil has found a low for some time. Regardless of Elliot wave, we need to get in via confirmation. That means at the minimum we want to...
this is the zone i expect to hold on ETH, this is a good area to get long, as we are facing major support levels, a bounce off this should take us to $4300+. IF (and I don't think this happens, we break that red line which is around $2000ish, ETH is in big trouble). I am bullish on ETH still.
CRUDE OIL, is expected to find a bottom really soon based on fib and if this is a 1-2 1-2 (elliot wave), we are about to be hit by a monster 3, driving prices to $100+ by mid-end july. I believe there is a strong chance we hold these levels drawn below. IT IS possible we come lower than those levels to get a deeper retest before going higher, as long as we dont...