GRID slightly UP (Wave-B) then back down to complete WAVE-C Keep an eye on the Dollar
UP AT FIRST, THEN EVENTUALLY MOVING LOWER KEEP THE CHART SIMPLE
Unless USA-FED intervenes again: One(1) bump UP, then lower to around 1.172 .... and expecting upward price movement from the 1.171 support zone. Extended downward trend started on 2.25.21, as a result of USA-FED policy to strengthen Dollar markets.
NEW COUNT SAME RESULT: Short-Term = Looking higher. Mid-Term = Looking Lower. Long-Term = Looking Higher.
Trade, hold or stay in cash accordingly
40% probability down to 23.49 then reverse impulse higher 40% probability down to 24.5 then reverse impulse higher 20% probability down to 21.5 then reverse impulse higher
30% Probability goes to 37.40 then reverses impulses higher. 30% Probability goes to 42.70 then reverses impulses higher. 20% Probability goes reverses impulses higher from current level. 20% Probability goes up from current level to 51.0 then correct downward (A-B-C) lower than 42.70.
CORRESPONDS inversely to US-Markets. 50% prob. reach 93.75 then turn lower. 30% prob. reach 92.73 then turn lower. 20% prob. correct then impulse higher beyond the 93.75 range.
Stay in CASH, TRADE, HOLD, BUY, SHORT or SELL, according to your OWN plan Short-Term =LONG. Mid/Long-Term = SHORT.
IF you still HOLD, ARK investment Stock (Cathie Woods), you might have a 2ND chance to DUMP, before it goes down even LOWER. The ARK's should grind higher for the next 2-4 weeks (as the DOLALAR weakens), then continuing LOWER again with the rest of the US-MARKET. While there is a 25% chance this could be a start of a 5th impulse wave, I think this possibility...
UP to 93.2 THEN DOWN . After midway down, both CYAN and YELLOW paths are VALID. Depends IF this ends up as a corrective WEDGE pattern (YELLOW=Wave-4) or a leading DIAGONAL (CYAN=Wave-1).
Moves in the Gold/Silver RATIO are useful indicators / signals to help predict DOLLAR Direction. As well as the strength of SILVER
This is NOT "SECTOR ROTATION"... its a SECTOR MERRY-GO-ROUND. .................. For all those who think Robinhood Investors manipulate markets. Well think again over the past 2 months the “BIG BOYS”, have demonstrated just how to manipulate and take money out of the market, and manage the media and the drawdown “PROPERLY” for the most profit. Every investor...
After TODAY, a more solid corrective structure has appeared. This will effect Dollar pairs, GOLD and SILVER Short-Term = SHORT Mid/Long -term = LONG
After TODAY, a more solid corrective structure has appeared. This will effect Dollar pairs, GOLD and SILVER Short-Term = Long Mid/Long -term = SHORT
A pair of ying/yang TWINS, Market likely to start LOWER ,then REVERSE end of day or tomorrow. DXY = SHORT. EURUSD = LONG.
Correlations seem clear, BULLISH on US-MARKETS. Consistent RSI divergences