WXY pullback Can be expected to touch the top. Start shorting from the red region. I dont care about winter/weather or this or that. I trade wave counts and patterns. if you have fundamental issues pls dont take this trade, and rest of you who do short, enjoy the ride with me. I will be posting update on lower tf. Enjoy Trading !
I tried to put all possible wave count. look for b wave upside for long setup for next week. I believe that dxy will go into consolidation for bull flag. Fib target for (b) is 1.25490. I will update any change. Enjoy Trading.
Creating Diamond pattern on 4hr TF Ideal Target price 44.50
Bear Flag out side major pattern.
Entry Price : 2.530 Target : 2.420 SL : Move to breakeven when it goes down.
Weekly structure suggest huge bullish Flag with ending corrective structure. it could be 3 or 5 waves. Smart money over the globe is taking refuge in dollar and bonds which could inflate the dollar more and more. So the fundamentals totally supports the technicals to dxy for breakout above 100. Strength of DXY could be serious problems for other USD pairs. ps...
WXY completes at 1.38ish and huge fall to complete the ABC Cycle. I will keep updating on the smaller TF. This pair will affect Crude too. I expect crude to pullback to 38 again and then towards 70$$.
Gold -0.59% is in 4th wave of corrective structure. Amid all rate cut, we might fall to 1290$-1277$ region. Which is 0.5 to 0.618 respectively. I believe that 5th wave might be upside towards 0.5 fib pullback 1474.
Silver is in C wave, correction after leading diagonal 12345. I believe 0.618fib minimum target.
Either It bounce here to create left shoulder or waterfall by breaking green wedge. Target is to be in zone of 0.68500-0.69000. Happy Trading Jai Hind
This pair has shown lot of strength as well DXY looks weak. Suspected One last wave up towards 0.79000 Break would print intermediate target of 0.740000
Making Flag to step Upside and break resistance 1330
After long consolidation , we have long setup. Best RR 1:6 trade
May do 0.618 fib from impulse, Wedge break. 1:4 RR
I see two potential pattern fighting each other. its Inverted scallop vs potential handle to cup who will win !? you decide. ! Happy Trading
Impulse follows with correction to 0.618 fib 1339 Stop-Loss : 1355 Entry Price : 1351-50 Target 1 : 1339 Target 2 : 1333 (Extension)
I have been chasing Illusive HS pattern on 4hr and daily but finally it broke out upside from triangle. My first target is $3.101. Month ago , many were bearish on the chart suggesting topping but I was foolishly long and I dared not to publish idea but commented on chartwatchers (Nice Chap) short idea. eventually I found my target then. Happy weekends