2025/02/26 - 9th Calendar Week 2025
Another 48h - Recovery Until The Opening WallStreet Bell Today
“price action more or less at the weekly low two calendar weeks ago!
will the price action break out higher bullishly today? if yes, how high?”
Ahead of the eagerly awaited quarterly results of the chip giant Nvidia
Bitcoin
- Will The Bulls Come Back Above 107.348 Points, The Annual High Of 2023?
That was the question of the last 8th calendar week. And we have to answer this question with NO - because the last price action on Friday, the 21st february 2025 was 106.641 points. Answering this question was instructive because a price action below would and will also retrospectively confirm the trend reversal formation of the price action development above the annual high of 2023, namely even the 107.348 points.
“I'm not doing my philanthropic work, out of any kind of guilt, or any need to create good public relations. I'm doing it because I can afford to do it, and I believe in it.”
George Soros
- Will The Bears Defend The Terrain Under 107.348 Points Once Again This Week?
This is the question of this 9th calendar week. And it is important because it would confirm the trend reversal formation above the 2023 annual high, at just 107.348 Points points, in the second week in a row.
110.176 : 2025/01/13 - Annual High 2025
108.583 : 2024/12/31 - Annual High 2024
107.348 : 2023/10/03 - Annual High 2023
106.494 : 2025/02/26 - last price action
105.441 : 2024/11/06 - Trump Re-Election Day
Traders and/or investors only sent the DXY
109.881 : 2025/02/02 - 1st Short Downtrend 1st Leg
108.523 : 2025/02/12 - 1st Short Downtrend 2nd Leg
108.523 : 2025/02/12 - 2nd Short Downtrend 1st Leg
107.381 : 2025/02/19 - 2nd Short Downtrend 2nd Leg
107.381 : 2025/02/19 - 3rd Short Downtrend 1st Leg
106.789 : 2025/02/24 - 3rd Short Downtrend 2nd Leg
106.566 : 2025/02/14 - Last Week Before Low
106.494 : 2025/02/26 - last price action
106.334 : 2025/02/20 - Last Week Low
106.126 : 2025/02/23 - This Week Low
Be that as it may, in addition to the general picture this week, if we analyze the price action in a little more detail without losing track at the same time, the three short-term downward trends are groundbreaking. Why? Because at the current hour - while the Wall Street bell rang in the trading day 2.3 minutes ago - we are currently experiencing the battle of the bulls and/or bears for the low two calendar weeks ago. The DXY
With best wishes
and good intentions:
Aaron
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.