Market Analysis: Dollar Index Ready for Sell-Off
Weekly Chart:
An asymmetric triangle pattern has formed, indicating a balanced standoff between bulls and bears. However, recent developments suggest bearish momentum as a clear Semi-Macro M (Double Top) pattern has emerged and played out. The outlook is tilting towards a sell-off, transitioning from the weekly to...
Daily asysmetric tringle in play with the confluenceof the bullish gartly pattern, currently the base support formation pattern it looks like the double buttom... willtake place.
The base line support zone is 29222.01 zone break below it, i would expect price to retest the zone of support previous held as a peak formation low for stop hunt zone at 25838.02 zone. the overal market pattern is macro bullish flag on weekly chat of which is in confluence invesly with daily chart time frame intermediate pattern which is bearish flag.
It would be...
In this video I just shared my dropdown time frame anaysis with regard to DXY, a pespective which shows that the bull has reached their destination now is time for te bear to head home also. i provide price action charting pattern, setiment based on each time frame and the influance of previous time frame perspective.
to understand the past the future will...
AUDJPY has madea peak formation high at the level of 96.917 as establishement of of first leg double top pattern formation, the pair is currently trading at 95.230 we anticiate a short but profitable move to the upsite of about 1000 pips of about 2.04% gain.
fromthe the second leg m pattern/double top would have been formed for expected sell.
USDCAD is hasadaily chart range of about 669 pips, consolidation phase of which as been in this range for almost 9 month now, but yet it does hasa bullish setiment to it on average. It present wonderful opportunity for both sell buy between this range. 1.30782hasacted asare of interest in terms of value for the pair double top is formed as reversal confirmation,...
Confirmed double top/M pattern in play a strong sell of on its second leg double top pattern to the down site after a long haul of daily chart channel to the upsite bull has run out of steam.
DXY haven ralying over seven month now, it hasjust established bearish reversal pattern of which is M/double top reversal pattern which currently at its second leg M pattern.
Sell off is Imminant, break below its neckline is anticipated,
NZDCAD is about to raly to the upsite, the last pullback before shortout to the upsite is emminant.
supported by the strong mommentum bullishness due to wekly macro double buttom pattern.
Gold is gaining momentum for a complete uptrend leg, it is currently in correction phase preparing for impluse move to the targeted zone of about 1860.00 in the next two weeks or so.
The w partten has been completed and the retest of support zone at 1730 key level for this double bottom to play out was respected. And now we are in a phase for level 2 market...
Daily Chart pattern: macro w pattern/ Double bottom
4H Chart pattern : Same as daily
We will be anticipating the pull back before continuation of the pattern play out, break to the w pattern neck line is imminent.
all relevant zone has been broken to confluences the prevailing up trends
