i will say long , if the dollar collapse , i guess the fed is going to open the tzunami for the dollar , 1 trillion of dollars .... bla bla stimulus omg virus stimulus economy in free fall bla bla but the problem it's that there is ready 1 trillion on the government balance at the fed bank so ... they don't spend the money ? really? politicians ? OF COURSE THEY...
OPTION 1 it could even reverse on the trendline , i should wait to see where it close this week and eventually if it reverse monday , last short was nice and clean in the 4 wave . OPTION 2 we have a broken rsi , so long side signal , now we are gonna to close near the trendline which is a rising resistance level , if breaks that trendline, ritest the trendline...
rsi decreasing and price going up i will try to short BUT very carefully because the geopolitical situation it's not easy to handle , if fed will cut rates it should go down.. looking for a good entry point. it could easily go to 100 and then die so i will watching this
i am waiting for the break to get long side or short side HAVE LUCK everyone , i just poosted the idea ! basically ABC Correction zig zag on red blue and fuchsia , the yellow one is drawn just to remember me that it could even reverse , i don't think so but it could
volume down with an increase of price plus rsi descending? of course after ritest!
i will try a short on eruusd if the pattern is completed and it's confirmed by price action plus trendline
hello i was trying to use elliot is that interpretation correct?
everything on chart ,i will stay neutral untill the price will confirm
just an idea nothing of serious but i will consider to see if spx will be weak in that area then i will try to short it
mah ...i still see this divergenc i am worried about that
euro has broken the area 154 area so it will retest it ?
Broken trend line , lookin to retest the trendline and then short it , target is not 500 of course ... i just posted the trend line idea
spx is almost on the resistence so MAYBE today it could just rich the max again , FOR LONG TERM TRADERS it's long for , mid term traders => short IT'S A quite complicated situation btw