mikeUkTrading

mikeUkTrading

Price should retest the recent bear flag breakout.

mikeUkTrading

The trend seems to accelate for the retail long possitionong. Let's wait for it to be decimated and buy it back right then.

mikeUkTrading

The impulse wave 1,2,3,4,5 has been completed with the nasty reversal candle high likely. The correction wave a,b,c is coming after to retest the break out. Nothing major. More of grinding the consolidation.

mikeUkTrading

Dollar trend might face stagnation / reversal approaching established resistance level.

mikeUkTrading

Bond market out look. It's going to break out from the pandemic crash.

mikeUkTrading

Neckline resistance is going to be battle for be or not to be for near future.

mikeUkTrading

The price builds a bear pennant. If the Dollar action fail to hold 50MA it faces further decline towards 90 zone.

mikeUkTrading

Price fail to gain momentum strength and face stuck period between two trend supports. The RSI remain stable.

mikeUkTrading

All indicate the pull back is gonna continue.

mikeUkTrading

The price faces bouncy ride ahead if it can handle back the bears and before the real fear kicks in to massive sell off. It potentially breaks bullish out through the wedge.

mikeUkTrading

The trade is starting to look a little exhausted. I expect break out to the downside.

mikeUkTrading

Can we see it plays out as the worst scenario ?

mikeUkTrading

Price forms H&S reversal patern.

mikeUkTrading

Volume has increased. The price needs to battle two resistance and flip it to support again. The death cross in on the door stepn on 1D chart.

mikeUkTrading

As price breaks the resistance trend line to the downside it may follow two scenarios: #1 establish new floor in the bigger bearish triangle consolidation #2 fall in another spectacular sell off

mikeUkTrading

As can be seen the price action cooling off. It starts to looking like top of a rally. If 50 MA is broke down the move towards major resistances can be expected.

mikeUkTrading Updated 

It's a crucial time for the price discovery.

mikeUkTrading

It seems the price be like unstoppable but let's talk about behind the corner consolidation. Asset got a run up in the expanding wedge and should consolidate before taking over $1960 well set resistance.