The primary expectation is now that we get an additional corrective leg as a wave (y). The wave (y) should end wave X. This move up should be followed by more downside as a wave Y.
The primary expectation is now that we will go back into the wave ((b)) area to take out the previous high. That would mean we get an additional correction up as a wave ((b)). This move should be followed by further downside as a wave ((c)).
As expected we took out the high and the correction up looks complete now. This means wave X can be finished and we should see more downside as a wave Y. However, aligned with the US indices, we expect another corrective leg up.
The primary scenario (in green) is playing out and it looks like we finished wave (X). We can expect more downside as a wave (Y). In our move down, we should first see some upside as a wave ((b)) or wave ((2)). The secondary scenario (in red) assumes more upside as a corrective wave B. That would mean we get an ABC flat correction instead of a WXY.
Establish a fibonacci price cluster on the short time frame on DXY.
A nice return to the uptrend.
I set up a trigger point on TVC:DXY not only to trade on TVC:DXY but also to use it to trade products related to the USD.
Following price action versus what you think price action will do are two completely different concepts.
0:0 Monthy timeframe
0;47 Weekly timeframe
1:52 Daily timeframe
3:52 4hr timeframe
5:46 1hr timeframe
6;40 Bias for upcoming
Understanding these concepts to their core has cost me. I have benefited though from reflecting on the outcomes of these two...
Hi friends. Today we analyze GMT and I saw on X-Volume that bears closing they position in a big volume (more than 4M contracts was purchase by bears). Thanks for your attention and have a nice day).
Gold has broken into a fresh two-week low, as dollar strength helps drive further weakness for precious metals. Chief Market Analyst Joshua Mahony highlights the potential for further gold downside in the event of dollar strength, with US CPI and ECB providing near-term volatility in the days ahead. From a wider perspective, a dovish reversal in monetary policy...
Price action analysis for Bitcoin.
Important key levels.
Bullish reversal explained.
Trading recommendations.
Potential scenarios.
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Hi friends, very interesting process on a market now. We have purchasing of a bulls who close position (sold) and after that secondly sold. Watch a video and have a nice day.
Hi friends, I analyzed market process on a Gold graphics and we see open interest going down on any bears entering. My idea is a long to 1934. Have a good day)
The primary expectation is now that we get an additional corrective leg as a wave (y). The wave (y) should end wave X. This move up should be followed by more downside as a wave Y.
The primary expectation is now that we will go back into the wave ((b)) area to take out the previous high. That would mean we get an additional correction up as a wave ((b)). This move should be followed by further downside as a wave ((c)).
As expected we went back into the wave X area to take out the previous high. This means we get an additional correction up as a wave X. This correction up does not look complete yet. We need at least one more high. Wave X up should be followed by further downside as a wave Y.
The primary scenario (in green) is playing out and it looks like we finished wave (X). We can expect more downside as a wave (Y). In our move down, we should first see some upside as a wave ((b)) or wave ((2)). The secondary scenario (in red) assumes more upside as a corrective wave B. That would mean we get an ABC flat correction instead of a WXY.
Multiple time frame analysis for DXY.
Price action & important key levels.
Directional bias & thoughts.
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Hi, friends. For a first sorry for my english i dont speak a long time )
On gmtusdt we saw big volume of a bulls closing and price going down. But under 0.1544 there is no market activity. I mean nobody want to continue sell process. Bears closing and we slowly going upper to 0.1609, 0.1630 and maybe upper in a few days. But there is aslo a chance to flat around...
