FibsNProfits

FibsNProfits

All 3 major US Indices showing signs of Distribution. SPX has completed a Change of Character and is moving into Phase B of DISTRIBUTION. TWO SCENARIOS TO PLAY OUT IF THE DISTRIBUTION IS TO COMPLETE.

FibsNProfits

EURUSD is showing signs of being in Phase C of Distribution. H1 Time Frame is showing signs of accumulation to bring EURUSD into the Test of the UTAD. This would be confirm the Distribution and correlate with what the Dollar Index is presenting.

FibsNProfits

Gold is still bullish. Current Accumulation schematic shows a potential entry in the 1922-1923 area. This would be a test of supply and of the spring. This maybe the area where we can push back into the 2000 area. On the 1m TF there are two candles I'll be watching for a reaction. I will be adding long positions as we continue through the schematic.

FibsNProfits

The DXY has been melting for several weeks. Finally, signs of Accumulation began to create a clear schematic. DXY created a spring and has Broken Structure to confirm the C Phase of Accumulation. I am anticipating the week to start bearish on the Dollar to re-test a supply zone, specifically in the 15m time frame where there is a clear institutional candle that...

FibsNProfits

GBPAUD has shown a clear accumulation schematic creating a nice bullish push and re-testing a supply zone, where it re-accumulated. First targets for GBPAUD will be into the Gap created from market close to market open on May 17,2020. This will correlate with Dollar Index showing signs of Higher Time Frame Accumulation. The strengthening Dollar would weaken the...