Possible model of the market movement with some triangles and divergence.
the price movements are color coded from red (unlikely)-green
PM me for questions (@Sadesguy)
Potentially looking at AUDUSD for further upside, however the pivot level is acting as good resistance. We may reject from the level to gain some distance before a momentum fuelled move to the upside.
Tricky pair to judge but it has been in a sustained downtrend since April 5th.
Watch to see if we get a clear break through the pivot high or decrement back...
Watching Gold for a potential bounce here given the pivot levels, however it has ben in a larger downtrend since April 18th so there's still caution when it comes to expecting a longer term bullish move.
DAILY (D1)
Yesterday'price action triggered a nice recovery following the upside breakout of the Tenkan-Sen, (currently @ 47'539) ans as result the BTCUSD close @ 48'929,roughly at the level of the Mid Bollinger Band, which as already mentioned several times in the past should not be underestimated and should also be seen as a good barometer...
