A recession is already coded in the algo, time will prove this correct. I'm not a 'bearmaxi' or 'doomposter' i'm a realist. If you struggle to believe my theories, come back to the chart in 1-2 years and ponder how you missed it. Stay Safe. - Berner
Contrary to my last post, bias has flipped due to 4H BOS.
DXY monthly analysis... crash pending, algo has factored it in. Time will prove me right.
XAU is a confusing one, as tensions rise geopolitically I stick with the perspective the markets factor this prior to news happening and that the markets lead the news and not the contrary. Bullish on XAU due to monthly FVG being filled as well as weekly push into FVG and reaction off it been confirmed, we might see lower prices early in the week before we flip...
My prognosis for GBP/JPY for the upcoming week. Bearish Here's why: We've moved off a weekly FVG after having a weekly MSS. There are REL's below where my 'weekly target' line is. We have the liquidity to drive to those areas, the only area of bullish behaviour is the weekly FVG located right about the REL's. Be cautious once we mitigate these areas.
The S&P 500 is currently going through a huge macro hyper-wave, this has been confirmed. This has already been calculated and factored into the 'algo', I'm highly confident we are approaching the final stages of 'wave 4' which will end in resumption to the downside (wave 5) and followed by the 'bounce' or 'wave 6'. After wave 6 has concluded, it's game over. Wave...
5 min FVG getting respected could see a 4H flip and capitulation to the downside.
Today and Tuesdays move will be higher to fill the imbalance above then we will see capitulation to the downside resulting in a bearish week and the early week move up being a top week for the weekly candle.