Will be looking for sell entries on the GBPUSD irregular H&S structure, with an impulsive bearish move which retracted to the 61.8% level.
The move is likely to continue to at least -27.2% fib level to make target
Precious metals are showing weakness, been on a downtrend for a while in a relatively bullish market for cryptos and equities.
Expect the weakness to continue as the dollar starts picking up strength again, perhaps crypto and equities will start losing value also, there's usually a sharp rise before a bull market turns bearish
Not quite the time yet for gold to shine.
The past couple of months are proving that gold will not follow equities and cryptos, but rather follow the dollar (weird)
This is the main argument for the milkshake theory though, it will be interesting to see how it plays out.
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A bitcoin rundown to the 54k level. Possibly to be bad for alts, just can't tell bad.
Continuation to the upside expect after the short term drop subsides .
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