I Am going to be Long here noting that the first plunging leg of a micro wave has been completed Disclaimer: This are just analysis any i shall not be held accountable for any losses
Okay we can prepare our shorts we had the first volumed move up that caused a volatile move down
This was supposed to be share last week sadly i forgot to publish same usoil same sentiments the assert is building leg c of correction and we looking to long on a zone
I am still short and from the zone the sentiments will change to being long and the proccess will be long because we require volume to confirm and this will be reviewed during month end on news and so on while we prep for the second week of August
I provided a sentiment regarding Gold being long yes right now that's the update i am waiting for the corrective move up to complete then start looking for shorts above all i have that pending setup
To most people this becomes handy when predicting a dollar with other assert.. i see this guy weakening. to most assert we will know how to behave This is just the outlook note a signal therefore i will not be held Liable for any losses
Most probably from how i have been treating the US stocks over the years, we are looking foward to consolidation for few then at the break of the compression we will be looking at the stocks plunging This is just an outlook will only going to work on them once the sentiments have been proven
probability is to go long then short but I am not happy with the Volumes
The are two possible scenarios on this assert, its the first retracement or the second retracement before the volumes kicks in to push this assert down. Overall i am looking for bearish sentiments meaning i am looking at the expensive zone to sell this assert but price action will conclude Disclaimer: This is just an outlook, i shall not be held liable for any...
Same applies to gold the previous FVG wasn't closed but i had to fly out Friday taking my profits looking at the another steady move up towards the fvg then close and enter the actual impulsive move down towards the OB
took my profits mid day at around 2365, well I am still not convinced the FVG was not fully closed the impulsive move down fail to clear out the liquidity left behind I will be gin to look for longs later at NY session and targets will be 2379 only if the price actions allows me and if the market get there I will pay attention to price actin most prolly it might...
Same applies to Gold the market is correcting the previous impulsive move to close up the fair value Gap created hence the steady movement
the market is correcting the bearish impulsive move so its a steady bullish move looking for an entry at the marked zone above. it is more like trend line liquidity approach for a bearish move, also we can look at it as XYZ wave correction after an impulsive move
This is what i am looking with the other confluences therefore the market is slightly gonna go up to fill the unfilled cpi fvg then most likely drop to collect the low left sell side liquidity Disclaimer Regaltrader will not be held accountable for any losses occured follow your own plan this is not a trading advice but an outlook
BTC be looking quite a bit interesting using Neo wave forecast it seems as if like we on wave four correction of the impulse of C therefore the current situation that i see is that once we break below the previous low of wave 3 we might be headed to somewhere around 22XXX if not even lesser than that and that will be telling the termination of the major Cycle 1-2...
Since we failed to close above the mid of Channel this shows that wave C of Wave 3 correction has been truncated meaning it failed to go above wave a of the correction this can suggest that the wave 5 will rally down since the suggest that there are more sellers than buyers because of truncation On the diagram next to the chart, i am trying to draw a picture of...
The assert failed to close above 1386x therefore the is still a more room to the down side to go test 161.8 fib zone of wave AB. therefore the complex triangular formation act as an extension of the correction to meet the rules of leg C that will then give about the completion of the retracement or correction In the meantime it is best to monitor this triangle...