This is a Potential Bearish BAMM Play on the USDT.Dominance that if it plays out could take us back down to the overall .786 retrace of the Harmonic Range which is Confluent with the .886 retrace of the Currently Potential Harmonic Shark BAMM; The Shark BAMM will be confirmed once price trades below the B point of the Shark but as of right now it's atleast trading...
Trent has BAMM but supply above with AB=CD is hurdle to meet BAT PRZ.
USDCHF has backtested the neckline of a potential Dougble Top as Resistance today and could be headed down towards a 0.886 Retrace next.
We have cracked below the 5 and 13 Month EMA and are on the way to testing the Potential B level of this Shark. If price goes below the B Level we could see an Accelerated Move down to the 2 dollar area to complete the BAMM.
The setup for Facebook is still looking quite Bullish as it's double bottomed and Reacted at the PCZ of the Bullish Cypher that can be seen in the related tab it's currently targeting a Gapfill to the upside; However Twitter is starting to look quite Bearish on the 4 hour and if it starts going down from here it will have confirmed Hidden Bearish Divergence on the...
If this Weekly Level can hold and we get Follow Through Price Action then the level of the 1.13 Fibonacci Extension up at $4.35 would be our next Harmonic Target.
If ETH can hold this level and the 55EMA here we will have Hidden Bullish Divergence that could set it on the path to fulfilling a Bat Action Magnet Move which will take it to the 88.6% Retracement up at $4,555
The NASDAQ 100 is forming a potential Right Shoulder in a Potential Inverted head and Shoulders formation that if it breaks out of could send it on a path to break the ATHs and hit the 1.13 Fibonacci Extension which would be the Target of a Shark BAMM.
Two potential paths for this index of safety assets.
We have Class C Hidden Bullish Divergence on the RSI and Class C Bullish Divergence on the MACD along with a Weekly Bullish Crossing. We also have a Bullish Shark on the weekly that could put us on the path to rallying to the PCZ of a Bearish Shark at the 0.886-1.13 We also have a Bullish Gartley that can be seen on the Daily timeframe as shown on this chart from...
We have a Three Line Strike visible on the Daily with some Bearish Divergence and if it goes down from here and below the B point we will be set up for a Bat Action Magnet Move that could take us to the 0.886-1.13 PCZ. On a side note here i believe the Japanese Yen will be responsible for most of the DXY's decline so i will be expecting the Yen to gain value...
The US Dollar Currency Index is showing a Potential 3 Falling Peaks Pattern on the 4 hour and is showing signs of Hidden Bearish Divergence on the MACD; If it breaks below the Previous Low represented by the orange horizontal line on the chart and doesn't make a higher high then it's target will be the .886 retrace below between the areas of 95 and 94.
The Small Cap Value Seems to be in a much better position than the rest of the market and in the case that the market Bullishly Reverses we may see the Small Caps severely Outperform the Indexes. This could lead to the Small Caps making a Minimum 88.6% Fibonacci Retrace from High to Low and a Maximum of a 1.618 Fibonacci Extension before we have the potential for...
We are stuck within a tightening pattern right now and are showing some Bullish Divergence; If we Breakout Bullishly our targets will be $1.07 and $1.74 if we Breakout Bearishly then the Trade must be cut until it goes down to 73 cents where one could attempt to go long at again with a target of $1.07
Icicibank forming BAT with Cypher target due. BAMM in action
Soon we will be Breaking down through the Demand Line and Triggering a BAMM down to the logscale 1.618 extension of a Bullish Deep Crab
We have a Potential Logscale Deep Crab BAMM that will be Confirmed once we break down below the level of B; Upon breaking through B our downside target will be the Logscale 1.618 Fibonacci Extension Below which will take us all the way down to approximately 2.5 cents.
The best way to play this would prolly be with some OTM Monthly PUTs around the $11 strike risking a smaller portion of your account that is what i will be doing here. The linear 1.272 PCZ of this Butterfly Aligns with the logscale 1.618 This is no guarantee that SOFI will rise up from that point but i have a greater certainty that SOFI will reach that point so i...