next week we migh see EURUSD picking one side
Price might go higher and break resistance: It is also very possible to see price finding resistance putting a new LH . This will bring price down towards previous support levels
Dax tried to go lower and found support this week
this isn't over yet. Next week i believe we will have some positive days moving towards the wave (4) a key resistance level for dax. It is expect to see a rejection at his level bringing the price down to complete last wave (5)
attached to this idea is the Sp500 and last week De30 analysis
Last week i mention...
- DJY retesting after breakout
- Nasdaq trading at the bottom of a bullish flag
if DJY confirms a down trend after retesting resistance at the breakout level we might see spx500 being dragged down otherwise this will bring Sp500 up to retest 200EMA again
if you have entered this trade as i did during today maybe you also have not realised this could be huge.
Now after looking to a bigger time frame it looks like we have formed an inverted cup with a handle breakout during today ... are we going to see the cup breakout?
eyes open for this one
Another good opportunity
If the price gets rejected at the top we enter short towards to the 61.8% Fibo as it is breaking the triangle.
61.8% fibo range is the sweet spot to enter long if the above scenario happens.
In case we see a breakout of the tunnel before geting to 61.8%, wait to retest the tunnel confirming support to enter long.