TF: 12 Hr BTC may wick or retrace lower to ~$28.7k to $29.0k from its previous impulse highs for a leg higher. Initial targets are around $34.6k to $36.5k with much higher potential depending on how price action plays out.
TF: 12 Hr AUDUSD looks like a good buy for a leg higher around the 0.618 retracement of the previous impulse wave that broke structure around $0.68. Another area of interest for a move higher is around $0.6550. Since the previous wave was impulsive out of the correction zone, my bias is long around the 0.618 levels. A bearish scenario that could unfold is price...
TF: D Gold is trading between the 0.5 and 0.618 retracement levels from its previous leg higher. Looks like a potential area to see an uptick in the price of gold to around $1980.
TF: 1 hr Looking for another leg down for a possible buy around 1.0642 to 1.0656
TF: W I am looking for a little bit more retracement for a longer term long. Invalidated if it falls below $76 to $77 area.
TF: 1 hr Price is approaching the 0.618 level from the last major leg down. Price may see some initial rejection here
TF: 6 hrs Looking to see if AUDNZD can break lower out of the current consolidstion before a push higher
TF: D DXY looks ready for a correction to the upside before making another leg down. Liquidity above the wick at 105.68 looks like a good target.
TF: D USDJPY looks ready for correction upwards before another leg down. A lot of liquidity above recent minor corrective tops so I think price will grab liquidity above these highs before another leg down. looks like a typical ABC correction to last years massive impulse to the upside
TF: D Comparing symbol: BVOL Pretty interesting set-up on Bitcoin and the crypto market in general. Bitcoin volatility is a historic low right now and historically when volatility reaches a low in this general area price action really ticks up (both downwards and upwards). This is marked by the pink horizontal lines on the chart. I am expecting some big...
TF: 4 Hr AU looks like it may have a change in structure for a continuation to the downside for the time being. Price looks like it could pull back a bit more before making another leg down.
TF: 15 Min Price may test the area shown and run higher to grab buy side liquidity/open sell position stop losses. Overall price has been bearish on higher timeframes, however, price and DXY overall has dipped pretty hard over the last month or two with a potential for a correction here
TF: 8H Hanging man candlestick formed across the 4h and 8h TFs which could lead to a move lower. Might be corrective to todays impulse or a correction to the move higher over the last few months.
TF: 9 D BTC may begin a retracement rally/consolidate in a range in the coming month or two and lasting to early winter before a final plummet to the green box with a final low around fall 2023. Couple of macro fundamental factors: 1. We are on the cusp, if not already in a recession. Recessions tend to last about a year to years 2. Rising interest rates....
TF: 4 Hr Might see price come down to $4300 area. If it does come to that level and bounces I think price will see $4,700. However, if it does not hold, I think price will test and may break $4,100 level.
TF: Day I think AMP may visit the POC around $0.06 over the next couple of months. Some bullish divergence supports this move.
TF: 3 Day Might see a corrective bounce here before another leg down
TF: 8 hr I'm keeping an eye on price to see if it can test the support line, 0.618 retracement from the last major impulse down, and the extension inside the corrective pattern confluence area. Price looks like it tested just shy of 1.382 so it may see some sell off here. Either way this looks like a classic corrective pattern and more downside should be coming