I truly believe the market has been making noise since sunday and will move like she truly desires after news (around 2pm). We have a break and retest from a weekly range, BUT price as been on a downtrend since Aug. In my humble opinion I am looking for price to enter back into the channel and finish a downward trend for the rest of the month.
We have a pennant break, followed by what once to be a rt of that level. With a bearish trend since the end of August, it looks as if price wants to keep droppin low low low low. Long term swing to 2024 PV level.
Of course we do nothing before we peep out the DXY, and as true as it is, it's a confluence in this set up. Here are a few more...
1. DXY
2. Break of Zone
3.Break and RT
4.UT
5. Bull Engul.
We shall see If price will make its way to my TP. (2360) !
Range Range go away, please break out the zone today, lol. I'm just glad I'm not caught up in the thick of it.
My thoughts are the bulls will be in the lead.
DXY is your guide. The market truly looks like it's setting up for the next big move now that we are rolling in April (new month and after ftmo week).
On a macro level 4hr.
-As a technical trader waiting for a cake set up, I see...
1. DT trend line creation.
2. H&S
3. B&R? Price does look as if it has just broken a channel and pulled back for the retest (current...
Well, there you have it folks, a beautiful execution with a TP hit. Trading zone to zone as a swinger is my style and using that DXY as my guide is a gem.
Until next time,
-Neke {The Soul Connect}
Goldie is doing her thing moving as expected. I entered in @ 2330 and I'm looking to make a reentry depending on the anticipated break and retest (with the bulls). If price was to turn bearish this would also be the location it'll turn (but I doubt it). We shall see, moving my SL into profit.
-Neke {The Soul Connect}
Gold and I have a bittersweet relationship, but i can admit, I'm getting better.
Here she looks as if she is taking a nice pull back for a Break & Retest. With new highs being made I'm even more intrigued.
There does seem to also be a channel break. With gold having an indirect relation to the dollar a bullish run looks like its setting up.
THE ONLY thing...
Since June 22nd it looks as if price has been turned bearish with the creation of a downward channel that's being respected. From the 4hr support zone it looks like a falling wedge (please correct me if i'm wrong.) Expected tps have been marked.
