PA is continuing to respect that falling TL and now it seems we are in a bear run to take out the lower clusters.
PA has bounched off the TL and is in a range ready to breakout. I expect it will slowly move toward the upper buy cluster, trigger it and cause a spike to re-test highs before dropping down and targeting lower clusters.
PA is now in a wide range and I expect downward movement first, but will wait and remain neutral until PA hits one cluster first.
PA is still unsure of which cluster to target as it hovers in the middle. I still foresee an upward movement to take out those top two strong clusters before we see the final drop down. For now I remain neutral.
PA has made a LH and is most likely now reversing to the downside to target that super juicy cluster at 1.4500.
PA is moving down smoothly after that NFP whiplash on Friday. Still targeting lower clusters.
Then Yen is doing a pullback before it rockets off again as we can see in all the /JPY pairs. I'm expecting PA to continue downward shortly to target the lower clusters.
I don't usually post DXY charts because you can't track volume to determine clusters, but I think it's important to explain what I see and why I believe DXY will continue it's bull run. The lines in this chart are not clusters, they are just traditional S/R lines. So, first we can see that PA has broken out of a wedge or triangle formation. Typically, when PA...
So, Gold has done some pretty crazy things this week and I wanted to post one last chart to show the current state of gold. Gold continued targeting those sell clusters and eventually hit the very large cluster at 1247 which is why we see a spike. 1250 is a very important history s/r level though so we see a spike up because when PA breaks an important level, it...
Looks like PA has taken out all the resistance clusters and now we have a large buy cluster forming right above PA, I'm expecting it to get hit and a pop up to 105.
It looks like PA will continue its bull run to take out the upper targets before a reversal back down. Bull biased for now.
PA has moved upwards very strongly breaking through all the upper resistance clusters. I now see two more strong clusters formed right above and I believe PA will continue its bull run and take those out as well before looking for a reversal back down.
PA continues its slide downwards and I believe it will break through the .71 down to the lower support cluster.
Looks like the market is starting to clear up after the GBP drop yesterday and I'm now seeing the orginal sell cluster at 1.28 get stronger, but also 2 new strong buy clusters right below at 1.22 and 1.20. I believe PA will target the buy clusters first before we see a move up, bear biased for now.
After the GBP dump yesterday, I don't see any reliable clusters, will wait for market to clear.
After the GBP dump yesterday, the market is scattered and the only cluster I see is the original sell cluster at 1.25. Waiting for market to clear up.