Better save this prediction and repost for me when it hits that $0.55 mark. Fractal of previous wave 1 as the new wave 3.
The daily chart under review has a whole lot going on, Wmt has been in its broader uptrend since its corona sell off/ rebound. This one shows alot of the breakdowns of price action. Lets put the past 6 weeks under review. The price action has ended in a seemingly cup and handle formation, typically which take around 6 weeks to form, this puts it at the right place...
- UK Interest rates to take a negative hit - Corrective double top on the weekly resistance - Daily Evening Star -I n a short term down trend within an overall uptrend - I want to see a break of the 8H counter trend line - Price ranging within a daily mother candle - Targets 1.27700
I recently posted an idea where in Gold is in the buy zone and as long as it did not break the trend, it will go up. Now from 1952, we are at 1968 already. What's next? 1980? 2000? Time will tell
Fundamentally wise, Gold is still bullish and even in the Technicals. However, a sign of break in the current trendline in the H4 chart might give way for prices around 1900 - 1940. Trade accordingly.
Depending on the election we will short or create new highs
Stocks were pushed by Trump's fed bzzzz machine and grown to record 3588 value, but in the end even that bubble dumped. We can see big volume picking up the dips here - signal that SP500 may consolidate or even bounce back to ~3444-3500. I think Oil prices will give more realistic picture of what to expect, so stocks are secondary here. Week chart show great...
share your ideas how dollar gonna be strong if it have been loosing its value since trump hold the position i don't think so but am especially gonna wait for the next elections and then gonna buy the dollar pairs though!
Overview Bitcoin broke up through $12 000 but is now crashing. Gold set a new all-time high but has since pulled back. The S&P 500 keeps on setting high after high. Still, all of these assets have one thing in common: they’re all at risk for a sizable correction, primarily due to the dark cloud hanging over the coming United States 2020 Presidential election....
After the breakout and re-test of the structure, the market formed another structure. There were fundamentals involved, such as the independence day in the USA. Considering a a positive PMI next week, I'll be expecting a breakout of the last high (0.69520) and a retest. The pull-back is where I'll be placing my position. Follow me for more ideas!
It seems as if something fundamentally changed in 2018, beginning a multi-year period of volatility. From a WashPost article about the period: "DEC. 4, 2018 Markets tumbled after Trump tweeted “I am a Tariff Man” and the Trump administration backed off earlier claims of a trade-war truce with China." (www.washingtonpost.com)