Short term EW count shows probability of final move of the short term correction. Afterwards, lean hogs can drop lower.
Platinum is climbing higher. Today we should see acceleration to confirm the impulsive character of the move.
Indicators suggest that the correction on PL might come to the end. I'm waiting for price action and volume to confirm the assessment.
The volume is picking up on way up. Waiting for first impulse to complete and subsequent correction.
It looks like correction on Soybean Meal is almost over. The price is approaching important resistance level. OBV does not follow the down movement and RSI is already in oversold territory. I expect the market will turn in coming days.
There is a big contracting triangle on the chart of NG. The Weis Waves give a clue that most likely the uptrend will be continued.
EURUSD failed to move to downside after sideway move. It could be SPRING. Yesterday test of 1,153 could be Secondary Test. I will watch on move up above 1,1735 (August high) and pullback. Moving above 1,18 will signal uptrend is back.
There was first wave down with high volume, than move up with light volume signaling "No demand". I think it will continue to the downside.
Cumulative volumes divergence shows that supply has been dried up. Yesterday, there was bearish trap, which can be consired as Wyckoff spring. 2 possible strategy 1. Aggressive - buy at spring test, SL below spring low 2. Conservative - wait for first wave up. If volume picks up, wait for low volume pullback/test and go long. In case of breaking to downside,...
On M15 red arrow shows no supply signal. Next candle closed higher, which confirmed the signal to go long. I'm bullish for today London session.
USDJPY went down to touch yesterday's longs stops and now should go up. entry @109.60 SL 109.54 TP1 109.90 TP2 110.10 TP3 110.25
Fakey breakout of Asian session by Frankfurt open. I expect another leg up to 111.7 on today session
Night spike up tested yesterday reditribution zone and price continue going down.
I expect resistance to hold and one more mark up into new high.
AUDJPY is in the down trend. AUDJPY bounced strong resistance level around 83.75-84. It will continue move down, most likely. Pullback may be good opportunity to join the trend.
AUDJPY shows no demand on rally up. If next bar close below London open one, move to downside is most likely.
This is upthrust on weis wave divergence showing decreasing volume on fake breakout. It should trigger move down.