As you've seen in the daily market updates, I've been right at every turn I also said that the end of the bull run was coming up, and that happened a few hours later As you can tell, MTOPS is unmatched in its accuracy Now for me to retire from the public stage (again) to continue to code the next era of MTOPS trading Ai
We are currently looking forward to the bulls coming in, recently on Daily we have reached the January 2016 Low, so we are at a good demand, we can buy on the resistance breakout or could get a further drop to lead the RSI to the Oversold, which I am not confident about. I am more with the buyers right now.
Waiting fpr the bearish resistance breakout to give us the 3 Waves correction bullish.
Looking for holding this sell lower to that gap at the bottom, also based on the Head and Shoulders pattern.
After that bearish pullback to the 60/50 Fib Zone, I am looking for more bulls to come in
A Bearish Trend Continuation flag is unfolding, at the break below the engulfing candle(where my entry is set as on the chart above), there I sell with two targets.
Simply applying the Fibonacci Retracement tool we are currently at the mature level at 78.60 of the Fib, then that gives me a complete leg B then I anticipate some bit consolidation giving us a head and shoulders then a drop to give leg C or much further drop to that demand zone.
I am looking for this to go bullish towards "e" then drop from there to the lowest low it has.
Gold / Euro has recently hitthe resistance for expanding triangle, which is also the supply zone. So My prediction is that of a drop headed down to the Quasimodo Level.