lets just have a look at the weekly chart and see what we got in front of us its always amazing to see how even big fundamental events harmonize with chart technical "rules"
dxy long-term cycles give us a pretty clear picture how we will develop, we are going to stay in a bearish phase depending on those cycles, this is very fitting to current fundamentals in my view
im guessing there is lot of bullish pa on gu about to come, riding into 2022 wit a bullish gu, all relevant information described on the chart
we are seeing huge similarities to last consolidation end of 2020, if we are seeing the same pattern again, we finish consolidation soon and enter the next bull phase on eu
I stated my view on the market in the past ideas, stocks are trading up again, bonds also seem to be demanded again after a strong selloff for the last couple of weeks uchf deliveres an extraordinary delicious risk reward ratio for the next move
S & P hit perfectly our bearish targets, we hit lower trend support and got bullish news on stocks during new york session, EU and US are lifting tariffs on both sides, the news are coming right on time to boost bullish price action, time to switch sides ...
we reached lower trend support again this morning, time to take profit on our eu short and prepare for a strong bullish intermezzo
dxy broke its strong uptrend during asia today is currently restesting in london session, we are at trend resistance now, time to hop in and catch the ride Trend and horizontal resistance are on our side, oscillators show strong downside potential
TSLA just broke its curved uptrend. This opens up huge potential to the downside, If we confirm this break!
S & P has serious downside potential, we are currently coming down from a strong upper trend resistance and got thiss beautiful set-up for a shs-pattern, it will be beautiful to watch it develop and breaking the neckline, we will look to attack the downside until NY session of 2nd march (according to fibo time), stochastic is waitig to break down. I already gave...
we are right at strong daily horizontal resistance, smaller time frames signal short as well good opportunity to catch a longer run down right from the beginning
we are coming into trend and horizontal resistance, fibo and wave theory say we are overdue for an correction too... i will deliver a view of the bigger picture on gu soon
Highlited critical locations in the chart. We are at trend and horizontal support again , stochastic is close to maximum, time for another turn down. Correction still has some time to go...
We are short now till wednesdays new york session, lets see how far down we get we are at trend resistance, indicators show still bearish potential (4hr slow stoc.)or are still bearish (1hr slow stoc.), wave theory says we will correct further, fibo says how long and deep that normally happens, fibo time says there is some time left, fibo price says there is some...
S & P trades currently at upper trendline resistance, a correction from here is very likely, indicators are highlighting that as well i was aiming for the lower trend support for a potential tp for this move, but @realSatoshiNakamoto brought me the thought, this move has the potential to break our current uptrend we are in since the us elections and which is...
eu is heavily oversold and just hit a horizontal resistance i was targeting for potential outbreaks to the downside since early december Indicators show a turn would be likely, slow stoch is extremely overstretched It is possible though that we continue to deeper lying areas of horizontal resistance, keep that in mind. Deeper lying horizontal resistance areas...
usd will turn soon, good luck everyone, enjoy the ride!