DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
ADVANCED MICRO DEVICES, INC. - COMMON STOCK, BANK OF AMERICA CORPORATION COMMON STOCK, SPDR S&P 500, 12 RETECH CORPORATION, ISHARES MSCI EMERGING INDEX FUND, SPDR SELECT SECTOR FUND - FINANCIAL
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Nas100 is about to break formation. Numbers indicate similarities in patterns before Brexit on the daily chart. Also, gold is about to break higher.
As stated on chart.
Using a parallel channel tool, I drew a precise line using gaps as starting points and end points, middle channel also using gaps as reference.
I always compare my charts to DXY, USDWTI, DGS10-DTB3 (yield curve) and market indices, particularly SPX.
Comparing the 10 year note yield to SPX painted a clear picture. ...
After some consideration, I closed the other trade. This I think is a more accurate chart. I labeled it education since it is merely for that, educational purposes.
Just another point of view.
Target Fib extension 1.618
Two possible scenarios that can happen. Diagonal lines show possible support and resistance lines, while horizontal lines mark gaps that can be used as support or resistance. Also illustrated fibonacci retracements. Proper sequence should be observed.
We should see a rapid increase in the price of commodities in ...
Correct fib sequence states that from 200%, it must retrace to around 161%. Will update with more fib levels and possible targets.
Support found at 150 ma on daily and 63 ma on daily. Marked by lines on chart.
The short continues while the pattern holds.
In theory, the break down range is the same as the price of the size of the head. This would put BTC in the zero range.
I have highlighted possible targets down using blue lines. While I am unsure if it will go down as much as $16, I have marked those windows that need to be closed.