ADOOZ

ADOOZ

As the blue line seems to indicate a low regarding cycles we may start to see an new uptrend in the next weeks , corresponding with the bullish Pitchfork

ADOOZ

The current count will be invalidated if the price goes higher than 1790-1808 The price target for the final leg down is 1388 to 1288 the first correction will occur in march 2023 when the price reaches 1440, 2.61% extension from the first wave down The current correction should not go higher than 1786 the 0.61 level seen on the chart Anything above 1762 would...

ADOOZ

Dollar is King current low count 1388 or even 1288

ADOOZ

this price action is super bearish, false breakout with a failed retest

ADOOZ

stay short as price remains in downward trend channel and in the cloud

ADOOZ

Any move above 1790 would definitely shake most of the bearish picture

ADOOZ

Siver made a Tripple bottom and is breaking out of the downtrend line also Gann fan supports the outbreak, final resistance at 24.72

ADOOZ

Looking for 1480 to complete wave C, rising short term rates should support the dollar in 2022 and the Ukraine invasion looks less likely as the weather and the Olympics may delay the invasion for a later date

ADOOZ Updated 

Looks very probable the final wave up started looking for 2477 around april 23

ADOOZ

Bears in trouble if they cant push it back below major blue TL

ADOOZ

Price is in the weekly cloud better don't trade . Anyways will we establish a new downtrend channel? hard to say let's get the price out of the cloud first -

ADOOZ

Expecting a break lower

ADOOZ

long term tf

ADOOZ

Below 1803 i manage to count 5 waves down

ADOOZ

SL above tl and HL

ADOOZ

key points highlited

ADOOZ Updated 

Top has formed in the 1 hour chart

ADOOZ Updated 

If 79 holds I remain bearish any move down from here will confirm that bears stepped in and it was more then just profit-taking ahead of the 90 -96 weekly highs from 2012, if the bears can break 65 a leg lower to 51 is given from there a retest is in the cards but 65 may hold so that's my thoughts 79 and 65 are crucial for the bears. time will tell...