US crude OIL is looking good for a bounce, confirmation on both MA's on both time zone are extremely bullish. The purple dot represents the daily moving average and the green dot represents the 4H moving average. Fibonacci shows possibility of sideway movement for a while, this will depend on the market god's mood and events unraveling in the world. I really don't...
As stated, we are still in a downtrend. I still see 0.618 as the golden level where we'll see price action going back to. Although shorting liquidation might mean a new bull run, I am convinced we will see 0.382 at least for the uptrend, catching those guys on top is going to be a decision made with the available liquidity.
Looking at the indicator, seeing the possibility of a bull trap due to heavy shorting pressure by retail. Might see them moving the price up going accordingly to the FED's agenda to keep their interest hike and not make it "hawkishier". Used fibo to see the big picture, various confirmation on 0.5, .618 and 0.272. I verified with the ema as well, on the one hour...
EURUSD Look at the potential liquidity on top of EUR and bottom of DXY, forget the war, NATO is not getting implicated.
Overall downtrends with the indexes when looking on the big candles; weekly and daily... everything is red. Won't se green for the rest of the year IMO, but that's another subject. Here is my analysis: Drawing Fibonacci, we establish the zones, finding the 61.8 which is the strongest level of this downtrend at the present time. This also means market god entry...