The daily line of USDJPY is very similar to the 2H line of xauxag. According to the linear regression extension, silver will rise to about 28.48.
USDJPY encounters cloud resistance and will continue to fall, seeing 1-1.618 times.
Silver found support and was bullish. The fifth wave rose.28.47-28.69-28.92.
MACD and RSI deviate from the bottom, the trend seems to be 3-2 wave rebound, see 3-1 wave about 0.5-0.618, may stop rebounding at the top of the cloud in 1H. Bullish
The top of MACD and RSI deviated from each other at 4h, and it was below the effective lower fractal at 1H. Bearish. GBPCHF is similar.
4h MACD top deviation, potential head shoulder top, rebound to left shoulder level, consider short, stop loss head, stop surplus head shoulder top minimum stop surplus, break through neck 1:1.
The last segment of potential III - 1 rose. Continue to be long, silver will continue to be long after the callback.
The bearish phase didn't fall, and the MACD 4 h top deviated, falling to 0.382-0.618 of AB = CD.
There will be a small rebound after the drop is in place, and then there will be a sharp drop.
After the price callback to 0.382, it will be long, and RSI is expected to be around 40. Bullish.
When trading along the trend, we wait for the rebound and then short, the RSI bottom deviates, the MACD bottom deviates, and the expected rebound tests resistance.
I think bitcoin should be adjusted, but it still needs a lower low before it can rise substantially. Now it's a four wave adjustment.
The 3-1 wave is not over yet, it will continue to rise by 0.382-0.618 times of the 1-3 wave, and continue to be long. If the MACD deviates from the bottom, RSI will reach above 70, with a potential of 5 waves. Callbacks need to wait. There will be a 3-2 correction after this wave of rise.
Silver is facing the last rise, and then it will have a significant correction, but silver is still in a bull market, and the correction may be a ② wave.
First look at the correction, and then be bullish, back to 0.382 of the band, up 0.382-0.618 times of 1-3.
Audjpy has another wave of gains, but it may be the last one. Wait for the callback to 0.382 to be long.
It seems that my worry has not happened and the US stock market has not collapsed. Then silver is not expected to collapse. The current shape of the two red rectangles is so similar, like the arch. The first one rebounded between 1.618-2. This time, it may rebound as much. The shape and RSI are very similar, but the former is the daily level and the latter is the...