High probability the EURUSD will bounce before leaving the year long RED price channel. From there, If your being honest "Who knows?", I'm leaning towards the NEW BLUE sideways/ lower Channel to TAKE dominance.
NAS may still push up a bit more, but tagged SHORT for the upcoming correction. Good Luck, Trade your Plan
See chart
No need to overreach but this possibility should be obvious to everyone. If your in a TRADE , TRADE YOUR PLAN ... not mine Maybe Friday is not the best day to go ALL_IN on your favorite tech stock. Perhaps tighten your stops, but Its entirely up to you. (I think they call it ... risk management)
If price breaks below the orange line, ( it must first go below the orange line ) and then rises ... SELL from the next peak, price (TBD). However if price breaks above the redline, setup is invalidated. This setup could take anywhere from 1-4 days to be ready. If your in a trade trade your plan, not mine.
Tagged SHORT for the upcoming correction, which correlates to dollar higher and equity markets lower. BUT remain SUPER bullish on SILVER LONG-TERM. Position is HOLD and looking for pullback opportunities to add to position. IF your IN a TRADE, TRADE TRADE your PLAN.... IF price action breaks upper Channel then count is invalidated.
EURUSD to finish correction in a few weeks, then continue upwards SHORT near-term LONG long-term
Tagged "LONG" for the BULL run which will happen AFTER TSLA bounces off the NEW LOW. (at the completion of WAVE-C) We can be Proud of TSLA traders today. The Bears are doing what they need to do to set this up. IMO just a few more weeks, then its to the MOON. (in Elliott fashion)
IF price action moves and closes outside the channels shown (before touching the upper channel and moving lower). THEN DIAMOND setup is invalidated.
IF price action moves and closes outside the channels shown (before touching the lower channel and moving higher). THEN DIAMOND setup is invalidated.
SETUP requires patience, Easy to invalidate. Invalid If price closes outside the channels Shown. IF your IN a TRADE, TRADE YOUR PLAN
This Setup requires patience, Easy to invalidate. INVALID if Price action moves and CLOSES outside the Channels Shown. IF your IN a TRADE, TRADE YOUR PLAN
This is a real possibility, keep sum powder dry. Everyday we are getting closer to the inevitable NEW-LOW. LONG Run We are bullish after APPLE completes its correction. Tagged Short for the correction, BUT very LONG on APPLE in general. IF your in a trade TRADE_YOUR_PLAN, not mine.
This is a real possibility. Consider what this means for the Us-Markets and Silver/ Gold. Keep some powder dry. Tagged long for the pullback before heading lower. Dow-transportation index made NEW-LOW, Nasdaq Transportation index made a NEW-LOW. IF YOUR in a TRADE, TRADE-YOUR PLAN, not mine.
We could still see XAGUSD go a smidgeon higher, but lets face it a retracement/pullback is inevitable, particularly if the silver Bulls wish to bring in new buyers. No pullback and no-one NEW will buy in. I suspect we will be revisiting the 26.000-ish price area. Its not the best price for XAGUSD, but it will do. Tagged long IF and only IF a meaningful downward...
Sideway then retracement completion. For all the BULLS, A good fib correction is the MOST BULLISH thing Silver could do right now. To much volatility to tag anything but Neutral, but we remain VERY BULLISH mid and long-term on Silver. If your in A TRADE, TRADE_YOUR_PLAN ... not mine.