Bull Case 1) Strong support zone Bear Case 1) LH, LL 2) Descending triangle 3) No divergence 4) Bullish DXY
Bull Case 1) Falling wedge 2) Divergence Bear Case 1) LH, LL 2) Bullish DXY, JXY, SXY 3) No important fib retracement level Thesis: Short now. Long from around 0.5 Fib
Bull Case 1) Bounced from 3500 (0.5 Fib) 2) Div on HTF Bear Case 1) LH,LL 2) Rejected @ Imp Resistance 3) Double top @ 4100 (LTF) 4) Rejected by upper trend-line 5) Bullish DXY, JXY, SXY 6) No divergence on LTF
Bull Case 1) HH,HL 2) Broken above multi-yr S/R Bear Case 1) Rejected by multi-yr trendline 2) No div yet, but almost forming; likely range next. 3) Rejected at Fib 0.382 lvl 4) Bearish candles forming
Bull Case -At multi yr S/R -Seems to be start of a range -Div on all indicators Bear Case -LH, LLs -At no significant level of Fib
Potential HL with 3 white soldiers. Looks bullish on 4H
EURUSD looks bullish on 4H despite being bearish on longer time frame. Going long!
Equities indices seem to be having relief rallies but I suspect all will be short-lived & bearish trend will continue
DXY run resumes. USD to post higher highs against JPY. Going long!
Long Oil. More reasons to believe. Long Oil. More reasons to believe. LFG
Going short AUDCHF based on Dow theory. Lets go bears. LFG
Going short on reliance based on DOW theory. LFG bears.
Short Coffee Trend Reversal. Going short here at market open!