BRETT could touch the 1 hr ema(200) and then go back up.
Could disregard the double bottom pattern and go down from here because it broke the thick red line.
There is a double bottom pattern. Looks like it could go up even more if it breaks the thick green line.
There is possibility of huge dump occurring when it crosses the thick red line. It could reach the bottom when it reaches the blue line.
If it breaks the thick red line it could plummet down to 32k area.
The SPY could reach the top at the blue line and could reach the bottom at the orange line. First it has possibility to go to the light blue line and second it has potential to go to the orange line. I believe a major economic recession could hit the globe after it reaches the top at the light blue line.
The next top for audusd could occur when it touches the light blue line. The next bottom could occur when it touches the orange line. First it could go to green line. Second it could go to orange line and third it could go to light blue line.
There seems to be a bearish divergence in the monthly timeframe. Target is the thick red line which is around $1300.
Not financial advice. If it goes below $37000 it could go down and if it breaks the red lines, then it could go down more.
Not Financial Advice.
Not financial advice.
Not financial advice.
not financial advice