Dollar is set to break 2016 high.
This I can conclude from multiple confluence: halfyearly A-pivot breakout, Wolfe projection, dragon pattern projection, DeMark gap breakout, DeMark breakout projection confluence, Camarilla monthly R4 roof breakout, false test of the last LL and Woodies pivot projection´s confluence with 2016 high.
DeMark breakout projection coincides with last Month Woodie R1.
Wolfe projection gives us the speed of the move - by May 19 price should reach Wolfe projection.
Woodies R4 tells us from dragon will draw its tail (as it was with yields and bonds in March - their collapses stopped at Woodies R4).
Dollar will stop at Dragon´s 0.61 FIB (usually price ranges here) - before Quarterly A-Pivot (usually price stalls before this pivot ) breakout.
Because Dollar is set for a rapid move up, there is likelihood gold might fall - usually they are negatively correlated (though recently they trended up together).
Most markets will go red, everything that is pegged to dollar including crude oil. We are likely to see rapid falls in SP500 , EUR, GBP (GBP is gonna fall faster than EUR - see my EURGBP analysis), NZD (rising wedge bearish continuation pattern) and BTCUSD (Bitcoin reached its ultimate daily Kumo cloud resistance area from where we are likely will see a drop).
This I can conclude from multiple confluence: halfyearly A-pivot breakout, Wolfe projection, dragon pattern projection, DeMark gap breakout, DeMark breakout projection confluence, Camarilla monthly R4 roof breakout, false test of the last LL and Woodies pivot projection´s confluence with 2016 high.
DeMark breakout projection coincides with last Month Woodie R1.
Wolfe projection gives us the speed of the move - by May 19 price should reach Wolfe projection.
Woodies R4 tells us from dragon will draw its tail (as it was with yields and bonds in March - their collapses stopped at Woodies R4).
Dollar will stop at Dragon´s 0.61 FIB (usually price ranges here) - before Quarterly A-Pivot (usually price stalls before this pivot ) breakout.
Because Dollar is set for a rapid move up, there is likelihood gold might fall - usually they are negatively correlated (though recently they trended up together).
Most markets will go red, everything that is pegged to dollar including crude oil. We are likely to see rapid falls in SP500 , EUR, GBP (GBP is gonna fall faster than EUR - see my EURGBP analysis), NZD (rising wedge bearish continuation pattern) and BTCUSD (Bitcoin reached its ultimate daily Kumo cloud resistance area from where we are likely will see a drop).
Trade active:
The dollar bullish action will be next week. Bcs if you do horizontal ray from last high it coincides our target giving us confluence on May 15, slightly lower of DM projection. May 15 is next Friday. So the next week will be a Sp500, Euro, Gnp, Nzd, BTC, Crude dram, collapse in American stock market.
Comment:
Next week will be major world financial collapse (in currencies, crypto, commodities and stocks) - the move is half of the size of March 10-19 COVID collapse.