cult dao wave 5 is likely in been waiting for the last move down and we got it. If we place the fib time tool at all time high and the bottom we get very interesting dates.
First date between 0.5-0.618 is the Bitcoin halving and the second date is October 2025 when the next Bitcoin cycle top should be in , if history repeats.
0-1 Pre halving rally back to...
The price is currently printing a triangle (a-b-c-d-e).
The alternative count is for a zig zag (alt w - alt x - alt y)
No matter which of the two, on a medium term, the exchange rate shall go well below parity.
On August 15th, the S&P 500 quotation has reached 2,193.90
The monthly candle of August is a 'spinning top'.
I am bearish (long term view) this indices with a stop loss just above 2,202 and expect a close for September just around 2,133.
My first short term target is around 1,650
Aussie might revisit the low made in the fall/ winter of 2008
0.7780 has proven an important resistance
A decisive weekly close below 0.7579 can open the gates for a run towards 0.64
USD 131.98 might prove to be a relevant top for Facebook' share price.
Another minor move up, towards the area of USD 132.50 shall not be excluded. A stop-loss has to be placed accordingly.
After a 34 years old down trend, this chart shows an away from equilibrium positioning.
For the US bonds 30 years, the price fractal might complete just few pips below 2% interest rate.
This is going to be a key moment in capital markets.
Scenario 1: EURUSD build a corrective wave under the shape of a zig-zag (w-x-y) ending around 1.20 and USDX reaches down towards 90 or even 88
Scenario 2: EURUSD prints a triangle (a-b-c-d-e) and USDX leaves behind 92.40 as a relevant low.
Other currency pairs in the Dollar index shall bring their own influence.
101.50 has proven a strong support back in December 1999, December 2004 and for other 6 months in 2014.
The price action around the 200 months moving average and 200 weeks moving average shall bring even more clarity.
Considering a long position against the low of 98.70
Seeing the low of May 3 as the price bottom of a 3 wave correction for the previous leg up from 72 to 100.
If that proves right, aim above 114 and towards 120.
A more complex correction, with a low in the area of 89 or 90, shall not be excluded.
If weekly closings stay under 1250, my bias remains bearish .
My concern is the December's monthly candle which might suggest that 1060 was an important price level, and if that's the case, this run will print its way higher.
