Dailycandle opened below cross while momentum lost bear for eth 2100$ and less
seams stochastic lost its power facing bottom of short term supportive channel and its going to break and fall
Wyckoff configuration and rate of change took buy and rising guard
rsi lost its power and new cycle of fall will began wyvkoff trend tracing also confirmed it renew for new buy happy trading
lets consider 2 scenarios for gold in this shape as it breaks any of edges of channels it will enter new status of motion
i suggest and identify new price channel with my own method and it based on fibonnaci spirals lets see how its going to work!! this is first time i trade base on this handmade technique :))
i am bear in this situation cause of rsi divergence in over bought region and clear divergence in starting bearish trend if rsi fall to over sold region it can be a clear signal for short again happy trading
Some of freinds commented that i am wrong on bullish trend Thats why i compensate prev.idea as this one
Channel broke up and down alternatives I suggest it will near to top channel break out And bullish
Seams bnb aimes 31 and 35 usd As recent resistance broke it will soar to first target 31$
Do not doubt for bullish trend Its a good correction for buyers to rebuy Try to buy its good price and 10950 resistance will break soon
Gold correction will end soon! In new week i suggest new fall will start arrount 1920 and bears will enter to market
New weekly support 1847 seems more hard to break and it will break pivot to 1924 and 1954 as target Happy trading
Euro found new weekly support and weekly pivot broke Not 1.18 and next 1.186 will be target
Seams new resistance appeared and it is searching for new support
seams we will have sma cross downward and average directional index which will show power of cross will be powerfull. then i will bear for gold happy hunt
pulse of strong adx appears in minimum price and 23 fibo crushed strongly once i am bull for may be small correction till 61.8 fibo. after that lets see adx will rise aboe again for bulls to break golden number or not . happy trading