After a long correction after its ipo. Likely this is the start of a bull run!! Previous highs seems reasonable.
Bitcoin has found some resistance. The longer term outlook is still to the downside how low no one really knows. If this this turns into a corrective wave C price action could fall to the lows of 2018 or just breaking the lows. Then will we can shoot for the moon and all have Lamborghinis.
Dxy opens with a gap down. Good news for the short. We will likely see the price hit the bottom of this structure likely a consolidation period somewhere in between. When we get down there I will possibly be looking for a buy.
So the fed decided to lower rates quarter percent. Of course there was a reaction now that things have settled let analyze what happened. Price action thrusted out of rising channel and within two trading days has fallen back into structure. Failed moves equal swift moves in the opposite direction. If it holds true we will see bottom of structure touched and...
If you ask me the fed will either keep rates the same or lower as they said. Regardless the chart is setting up for a down move.
gold failed to make new high. possible double top but I'm going to play it day by day sentiment can change fast..
will the long term uptrend line hold(black line)? I think not!
2014 we had a thrust down in the euro (wave A) then we have been in consolidation for quite some time (wave B) now I am looking for another thrust down. I am going to short now 1/4 position as a feeler will add when more information comes. first goal to the bottom of the channel.