Allowing a pullback provides sufficient r:r for the Sells.
Will Eliott's 5th wave playout, will be keeping an eye on the breakout
Suitable r:r can be found at 1.10175 with bearish confirmation.
Whipsaw markets providing -0.27 opportunities in a 5 Day Tradimg Period.
BTC appears to be in a bullish channel. an upmove can be a 2 day wait.
If price could retrace to an area of value 4 bears, it would provide suitable r:r for sells.
- to monitor DXY for a bearish D1 5th wave. 1. Allow DXY to climb toward price of value (103.5855). 2. Next, check for Bearish PA on DXY. 3. Check for co relation with USD pairs, then suitable trade entries.
GU looks to be in a downtrend. a 7 Day pullback sets up the r:r for the next move down.
Bearish waves making lower lows below 27403, could set up a motive wave down.
So long as Bitcoin stays below $25209, will be biased towards bearish setups only. Good Luck!
SNP500 has retraced to the D1 trendline. Double bottom or lower degree breakouts can provide suitable r:r for the next motive wave up.
Gold breaking the corrective trend line, followed by a lower degree correction and breakout would set up a motive wave up.
XAUUSD returning to an area of value, then a lower degree correction and breakout sets up the next motive wave down.
GJ breaking the corrective trend line , followed by a lower degree correction and breakout would set up a motive wave up.
AUDUSD looks to be in a whipsaw correction. Waiting for a pull back past 61.8 fib level, then lower degree corrections and breakout would set up a motive wave down.
XAGUSD looks to be trending up. Waiting for a corrective flag and break could provide the next motive wave up.
So long as gold does not print sell setups below 1742, a lower degree correction and breakout could give the next motive wave up.
AUDUSD could make a make a consolidation of a lower degree followed by the next motive wave down.