The confluences :
- 1.618 deviation from this downtrend channel
-Would nice to take out the poor high+ above it, we have a Single Prints,
from the price can easily drop
Target after this move would be the bootm of the channel, where we have Poor Lows
SL above the SP's
Above us we have a nice confluence zone with the previousday EQ+the previousdayTime VAH+ Liquidity.
This can be a nice SFP kind of trade , so I would wait from here a short if we can get a good reaction.
The target for this trade would be the Single Prints zone, SL above the high.
Slowly th DXY can reach a big target for this Harmonics move, what's have confluence with above a bigger liqudity, a 0.5 of a Weekly FVG. My thought, if this move would happen, then the other big markets can have a bigger rally like ES,BTC,FOREX PAIRS against the dollar.
IF the price reaches the 1.6-ish zone, I would wait for a reaction for a short. Looks nice this area because we have here a weekly + if the price contious this moving speed, we can have a fib.time confluence too.
SL would be above the top, main goal is the bottom of the A point.
Usually the 1.618 ext. is the end of the Crab Harmonics, but because the 2.618 Fib time is so close, i'm thinking that after we reached these TR Pocket, we can see a reverse. My SL would be above the TOP, Main goal is on the 0.618 from the A point.
I'm currently waiting an SFP type of move in to the 4h OB,after when the price would come back to under the LIQ line, I would short. SL would be above the top, main goal would, the touched Daily for at least a backtest.
The price is under a big resistance at the moment, a big weekly liq. level +TR Pocket+ 2 kind of FIB.FAN t ,what can give us a bigger and stronger area (I pulled both of same top, but at the first pull is from the bottom one, the second is from the last low). At this situation i can see a failed auction type of move, after some time, when the price would come...
I can see this kind of Harmonics move to the upside, and when we have this case, then I would see a short opportunity from the top, tp1 would be on the middle of the range, tp2 bottom of the harmonics. And from the bottom i would long.