Will go up to the top of the arrow first, then maybe going down again.
As I said in the last LTC/BTC update, S/R reclaim setups need to be aggressive and impulsive to show evidence of a trap. Meandering around the level probably means it's no good for a reclaim and is just a drawn out and/or deeper retest of the level
Same situation as oil. Retail keep shorting, smart money keep stop hunting, pushing the price higher.
Today's a holiday in the US. Movements this morning have been solely due to dxy.
Lately NY just go the opposite direction during London closing time. Storm Franklin is on. No trading today.
Crude oil prices saw a sharp fall on an apparent easing in geopolitical tensions, which led to profit-taking on market, My indicators point to a bear bias today,
Sudden drop happened late yesterday. The fall had been expected, but not the time. Luckily got out of both Oil and Nasdaq with profits intact just minutes before the reversal. Ranging today.
I benefitted hugely from oil's suicide spiral end of last year - not a perma bull. PEOPLE, stop shorting!
If gold doesn't breach the 1870 resistance, a gigantic double top will form. The last time it happened in Sep 21, gold dropped by $100+. Let's see.
Price hit another high yesterday, just as I thought. Today will be the same, despite the Russia situation has fizzled to nothing.
Look At Gold, Moonboys and weep. Btc is run by bankers and like it or not, they're 20 times more intelligent than all of you. You're already at the bankers' mercy.
The retail sentiment has been down for a few weeks now, therefore oil will go up past the high reached last week.
Based on the order blocks, I would say that oil is heading up. Still ranging.
Price is at a crossroad. It could either break to 90 dollars or avalanche down from here. The COT is net short still.