1ST LEG IMPULSE COMPLETED , NOW WERE CURRENTLY IN THE SECOND LEG CORRECTIVE WAVE ANTICIPATING A 3RD LEG BEAR MOVE TOWARDS THE DEMAN AREA SINCE SUPPLY HAS BEEN MET. FOLLOW MY JOURNEY THROUGH THE CHARTS
MONTHLY TIME FRAME IS GRADUALLY SHOWING BULL EXHAUSTION. I AM PATIENTLY WAITING FOR MORE CONFIRMATION THAT SUPPORTS MY BEAR IDEA
BTC/USD WE'RE CURRENTLY HOVERING IN A HIDDEN DEMAND ZONE. A HAMMER FORMATION ON THE WEEKLY CLOSER OF THE ( 21 JUN 2021 ). CURRENTLY THE MARKET IS ON A 61.8% CORRECTIONAL WAVE WITNIN THE HAMMER FORMATION. LOOK FOR PRICE ACTION & REJECTION ON LOWER TIME FRAMES FOR ENTRIES
DETAILED EXPLANATION ON THE CHART
Long term sell after breaking out off the daily range
GOLD IS IT STILL PRETTY MUCH IN A BEAR TREND.IT HAS BEEN IN A RANGE FOR THE PAST 77 DAYS TO BE PRECISELY. I AM ANTICIPATING A BREAKE OFF THE RANGE DAILY SUPPORT BUT THAT DOESN'T MEAN WE SHOULD SHORT IMMEDIATELY WITHOUT A CLEAR RETEST AND REJECTION ON THE SUPPORT AREA
CURRENTLY GIVING A MEDIUM TERM CORRECTIVE WAVE BEFORE THE BIG SHORT.....
EU IS STILL IN A LONG TERM SHORT TREND
THE PREVIOUS 2 MONTHS GOLD WAS STRUGGLING THE BREAK ABOUVE (1609.490) AWAIT FOR REVERSAL CONFIRMATION ON SMALLER TIME FRAMES 4H. OVERALL GOLD IS LONG TERM BEARISH.
awaiting the broken trend line retest & rejection before going long
RESISTANCE TURNED TO SUPPORT TO CURRENT PRICE ACTION RETEST AND POSSIBLE DOUBLE TOPS VIA THE RESISTANCE TREND LINE . ALL IN ALL SHORT
DOUBLE TOPS IN PLAY AND WAITING ON THE TREND LINE BREAK & RETEST BEFORE GOING SHORT ON LOWER TIME FRAMES
LONG TERM BEARISH FLAG IN PLAY AND THE PAIR IS STILL IN THE CORRECTIVE WAVE IN FORM OF AB=CD PATTERN AN I AM EXPECTING IT TO REJECT ON THE 50% FIB ZONE OR THE 61,8% FIB ZONE. ON THE DAILY TIME FRAME PAIR WAS STRUGGLING ON A MAJOR ZONE OF RESISTANCE TILL THE WEDNESDAY DAILY CLOSE WAS ABOVE THE RESISTANCE THAT CONFIRMS ONE MORE BULL MOVE TOWARDS THE FOLLOWING...
EU FORMED A ( DROP , BASE , RALLY) PRICE ACTION PATTERN AND THE MAJOR INCLINE WE EXPERIENCED LAST WEEK WAS TO CONFORM THE LONG TERM BULL CYCLE. I'M CURRENTLY WAITING FOR THE CORRECTIONAL WAVE TO BE COMPLETE AND GET REJECTION AROUND THE FOLLOWING PRICES ( 1.18687 & 1.18506)