Dow Jones (US30) reached the resistance and is ready to go down. We will go with Risk Reward - 1:6.
Based on my latest US Dollar Index analysis which is ready with the breakout and is waiting to go long.
From my last analysis, we manage to catch the $55 Movement with risk reward 1:3. Now we will apply the same risk-reward ratio. Based on the Fibonacci & Ichimoku cloud we can clearly see the resistance level at $1660. Don't miss another golden opportunity. Share the idea with all your friends!
Based on the latest analysis, we can clearly see the trading range of the asset and the support thanks to the Fibonacci and Ichimoku cloud, that's why I believe this will be the beginning of a very strong hawkish rally, even a breakout of the resistance of the current trading range. GOLD will be affected as well, expect an analysis shortly...
After my latest analysis of the US Dollar Index, I expect the bearish GOLD trend to continue NOW! Once the gold reaches the key level (current resistance) trend will start. Risk - Reward 1:5, Good luck!
Upcoming market recession and the current USD hawkish trend, most likely we can see an even further bearish rally of the Nasdaq. Risk reward 1:2 (final target 10,000)
The chart explains itself at this point..
Higher lows, price consolidation up the tits, and nice wedge forming lets see what happens. cough* cough* its gonna rocket watch
