This analysis is based on divergence and liquidity voids and RSI movements :) This bearish move is not gonna last for long just a tap down then we would expect 97.40 or sth for the next bullish move and only then we will get back down huge :)
As we can see sounds like we are in a big triangle and we would probably reach for the last leg of it. what i see is a 3 wave down and as shown in picture in wave C we have a divergence between wave 3 and 5 which signals that its probably the end of shorts!! This analysis is mainly based on chart patters and harmonic Elliot waves! :) Tell me what u think :)
This idea is based on harmonic Elliot waves and simple supply and demand :)
As long as its above 55142.50 im looking for long trades !
This analysis is based on Harmonic Elliott Waves
I would wait for the daily candle close !
DXY has touched a demand but as we know 50 % of DXY is EUR included so we have to see how strong that demand is! But its just an idea after all and i wouldn't trade it unless i see a rejection in supply zone and breakage of the trend line !
This analysis is based on 3 main methods: 1. Harmonic Elliot Wave 2. Supply and Demand zones 3. Price Channel
Just wait and relax for now :) And remember never push trading and wait for it to happen :) Good Luck !
be careful this one might get tricky cause it is still ranging in a bigggg DEMAND zone !
I forgot to mention in the video that in an ABC move in a zigzag correction the wave (a) is 99% of the times projected at least till 78 % to create the wave (c) and in this corrective move the projection of wave (a) also end in final 5th wave PRZ so thats even an additional confluence to take shorts :)
I believe we would have a runner this week so pay close attention to the chart !!