1.Nasdaq is setting up its Head & Shoulder Top 2 but for further term cycle, it is a Head & Shoulder Bottom 3.Now it is at the highest pressure for Head & Shoulder Bottom Neck line. so it will drop soon. 4.Fib position is 50% below from its Sep top. 5.Elliott wave says it's at 4 end and ready for 5 accelerating if Head & Shoulder Bottom fails.
1. DXY is retracing to Fib 70% since its Mid Sep bottom, it is not end but closer. 2. Elliot wave shows its 12345 wave was finished. 3.Last week it broke through the downwards channel pressure and now the 2nd step back to ensure the support. 4. 4H candles shows a Upwards 3 patterns, will rebounce greatly in a while.
GBP USD only retraced from its low as of Covid to 38.2%, so it is not the end Also it is establishing a Head & Shoulder, so 1.31-1.255 would be a shaking box for the following weeks. Would not be straight drop but it is the trend. Last, Elliot wave also support it at 4 for bounce and ready for 5 accelerating jump .