Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, USD/CHF
Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
if the resistance holds, more downward momentum will likely happen
ONCE IT BREAKS THE RESISTANCE, WE WILL SEE MORE UPWARD MOMENTUM. IF IT HOLDS, THERE WILL BE MORE DOWNWARD MOMENTUM BUT THE PROBABILITY OF THAT HAPPENING IS LOW SINCE THE MARKET IS IN AN UPTREND.
IF THAT SUPPORTS HOLD, THERE WILL BE MORE UPWARD MOMENTUM .
f the support breaks, more upward market,
if the support holds, more downward market
ONCE THE CHANNEL IS BROKEN, MORE UPWARD MOMENTUM
HIGH PROBABILITY TRADE
ON THE MONTHLY CHART, THE DOWNTREND ACTUALLY LOOKS LIKE A PULLBACK OF AN UPWARD TREND
LOOK AT THE CHART
need a strong bull candle to break that resistance to initiate longs.
look at the chart
if it breaks that resistance, more upward momentum, if the resistance holds, more downward momentum.
THERE IS A STRONG RESISTENCE AROUND THE 78.6 FIB LEVELS. I'm expecting bulls to exit their positions and strong bears to enter more positions.
I am waiting for gold to test that monthly support, im expecting a retest of that monthly support.
gold is in a channel, waiting for trend line break for downward momentum
gold formed a AB=CD harmonics pattern.
shorts are in play, if we break the trend line, we can expect a nice melt down.
if we break the trend line, we can expect more downside. if you don"t break the trend line, the market will rally up.
DXY analysis, please be free to leave a comment and tell me what you guys think.
I was hoping the market would breaks the wedge resistance line and fail so we can get a nice two leg down. Still waiting patiently.