BTC/USD, XRP/USD, ETH/USD, BCH/USD, EOS/USD, LTC/USD
DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
If current bullish pattern continues
If downtrend commences when open possibly down to 1.425 before retracing back up to 1.435 and then down to 1.415. So looking an initial short position.
Will see if the downtrend with continue into next week to 114 before bouncing of the 38 fib and rising to 115.5 on the 0.68 FIB if the up trend continues commences
With the 200MA still being in an uptrend the leg 5 could reach up to 1.10 before an impulse ABC correction off the 0.23 fib at 1.09 and then down to 0.38 FIB which aligns with 0.5fib down at 1.08
Possible retracement to 38 which lines up with another major 50 fib but expect it to continue short to 1180 to last low point end of Feb.
Might be an extended wave 3 down. Although 200MA is currently neutral
The current pattern is possibly a corrective ABC if the 200EMA downtrend continues. Therefore possible 123... down trend may follow?
Second attempt at a wave. Trend slightly down on 200EMA and may be approaching the last leg on a down trend. Awaiting ABC uptrent after wave 5?
First attempt at looking at waves patterns. Review next week.