Apex_the_trader

Apex_the_trader

Price is currently going side ways and i have not a clue as to which side t will break out to mostly likey it will come out bearish, my conculsion is based of months of speculation

Apex_the_trader

I am seeing an uptrend on the smaller timeframe and the bulls have the smaller timeframe in their grasp. Which means the bears will lose their long time grip over the metals market. i say metals market because I'm not going to analyze all the metals out there just so y'all can gain more info as well as add on to your confidence in make this move..... i think is...

Apex_the_trader

On Feb 23 and March 23 Xau retested at the same zone but failed to break support zone and on the 23rd of October it retest on our support. The support zone which was retested is still the same one which price bounced off, in the previous months and failed to break it still. Now whats happening is its going long because the data collected from the past months will...

Apex_the_trader

head and shoulders on the weekly as well as another on the daily but it might be hard to see because the the breakout of the smaller head an shoulder is now part of a double top. Yet through all this both pattern on the daily form a bearish pattern just like the weekly timeframe

Apex_the_trader

i see a head and shoulders pattern on the daily timeframe. im also seeing that the trend is going to change and start shorting.

Apex_the_trader

for many weeks now the DXY has been moving upwards in the long direction....So basically im now expecting a correctional wave as well as more market structure

Apex_the_trader

firstly i did a top to down analysis and i noticed a potential break out but im currently waiting for the trend to be broken as well as the support zone and breaking the resistance zone. most of my confidence comes from the weakening USD

Apex_the_trader

So I have analyzed the dxy and to have seen that it is making a correctional wave but this correctional wave can be seen on the weekly the daily on The daily time frame it has started but only on the weekly can we see that this is just a correctional wave and that it is going to keep going down before it makes it retracement and goes back up again. With that in...

Apex_the_trader

BNB is going to reach a demand zone before making a pull or continuation pattern

Apex_the_trader

this is a nice pair to begin with plenty of strong moves and fast ones as wel but here we are going to wait to sell only for i have concluded that is has come to the of its correctional wave and is now rejoing the major trend which was selling

Apex_the_trader

expecting a huge move upward in as its counter parter the \aussie will continue to weaken for 2 to 3 weeks which mean things might start to change in the month of Feb or mid to late January

Apex_the_trader

chart pattern is most useful because the candlesticks are not use at all or bearly visible but still even a conclusion was reached that this setup is a breakout waiting to happen

Apex_the_trader

IM only entering a long position based of the fact that MSFT made an aquicstion for Activision gaming company and if such a merger was to take place MSFT would offically be dominating the the gaming industry....this would put Xbox ahead of playstation .................basically what im saying is , take for example EA sports lets say they enter an agreement with...

Apex_the_trader

i was looking for Subway and Starbucks but look at what i found

Apex_the_trader

straight up technical i dont use the news.....with that said im expecting a major drop from the Aussie as the American slowly starts to rally again............which could possibly signal the end of a major correctional wave on the higher time in this case the correctional wave was bullish this maybe a reversal on smaller timeframes

Apex_the_trader

this is nothing more than a correctional wave or a simple rally coming from the base,........which means when is done its corretional wavw it will drop and possblie experience a huge plung for i see a head amd shoulders pattern on the weekly timeframe

Apex_the_trader

Nas 100 has formed a channel on the monthly timeframe and within that channel there is consolidation which i believe is taking place on the daily timeframe......using supply and demand i am able identify areas where for possblie entrie.......wait to go long.....

Apex_the_trader

in this idea XAU is going long but we dont know how far its going to keep going......so i figured the best exit would nearest zone but the type of zone differs from time to time frame. The marking out was done on a daily timeframe so were trendlines and zones