Explained on the Chart
Even though this is posted a bit later, however, its related to my previous short call on Oil at 75.10 and it should be used in conjunction with buy Shark Harmonic Pattern which I called for Short since last week.
BTCUSD, good thing about it is that it doesn't do much much of Bull Trap or Bear Trap, and sort of movement its either a short lived trend or long lived trend. Currently, in short term I foresee a trend upward up-to 8000 and then would go down again..
Currently we are in Wave 2 of the current downtrend in Gold, and made a short squeeze bulls trap, and likely now go further down. Expecting to make 3 more waves down. And I am targeting 1,100 on gold even though not trading that on margin account, because I am buying the physical gold as its going down.
BTCUSD is still in the downtrend channel which is not able to get out from, hence, expecting to make a downfall soon to 2000 area
Today, it was an enormous short squeeze to take out stop losses, and cover all the shorts... Usually, after this fake upthrust, its followed by a Catastrophic Crash.... So be careful everyone.....I would not buy into this Short Squeeze....
US30 Wall Street is in its last demand test, which indicated a failure on Friday... Expecting to make a downfall on Monday, and the entire week, most probably will take a big dive down.... Most of the pull backs to the demand area, is based on Bull Traps, and even on Friday was a Bull Trap...
WTI US Oil has formed a very bearish shark harmonic pattern... position to short the oil soon
EURUSD is bullish for the time being, and heading towards 1.1840, according to the forward looking Harmonic, and Support and Resistance Levels.
Self Explanatory, we are heading to the Mean Average area, after that Despair... Good Luck
USDCAD has formed a diamond reversal pattern, and it would be interesting to watch in the next few days for a reversal set up...
GBPUSD has completed ABCD reversal pattern, its now a strong buy
Its time to short USDJPY, Bearish Shark Set up is formed on USDJPY on 4H
All the fibs are breached, hence, the trends are all broken, its now only one way direction, below 1,000 to settle around $250
The momentum for Gold is clearly down, and it seems like its targeting now 1,235 level... I am not trading this at the moment, because, the trend is not reliable.... If it goes down, would like to see how far down it can go, in order to asses other markets accordingly
WTI US Oil , just made an impulsive sharp move up , breaching the old resistance level with full force... Do not short yet. There seems to be a strong case for higher Oil Price