In review of Goldman Sachs commodity index on a weekly time frame, price action from the year 2000- 2008 is regarded as an impulse that is recognized on the chart as an A, followed by corrective price action resulting in a triangle formation (ABCDE) from the year 2008 to 2020, end of which is marked by B. As the principle of market structure highlights the...
Stock splits should be taken into consideration for this item. Hope it helps readers to understand the bigger picture in play.
Cardano has been in consolidation for the last 135 days, while it stands out at bottom of the range, its expected that it at least goes towards pivot or range high
use the chart to see the bigger picture traders and investors should keep in mind.
Possible paths this stock can take to draw the price action. Paths are based on fib ratios, elliot waves and corrective structures. Please support if it helps.
What fundamental events will decide on the direction.
An overview of the structure that could play out on btc. Not a time to open a new trades. shorts should book profit. New positions should watch out for price action towards the possible direction
DXY tracks the strength of USD in comparison to other currencies, when the index goes up, it's interpreted as strength and when it goes down, it's understood as weakness. This index is popular among traders to interpret the future of other assets (DXY down= BITCOIN up). The confluence of multiple lenses is signalling a bearish spell of the US dollar against other...