Market structure suggest USD Dollar index poised for good rally towards 110 and 115 in coming months.
Price need to close above 7550 for bulls to take control. Staying below is bearish, and can lead to new low. My another view if current low at 3850 holds -> But going by structure, im still weighing on my previous view to play ->
Hope chart is self explanatory. Expecting more bearishness if price breaks below 205-200 zone.
As long as price stays below 1689(1700), big bear market in gold is brewing. Also previous parabolic arc violation resulted in 70% decline in price from top. Read about Parabolic arc here - blog.stocktwits.com Now pullback move from 1050 to 1700 looks like a perfect setup for bears to roll red carpet.
Looks like, BITCOIN is repeating NASDAQ parabolic arc pattern. Going by chart, if we hold current low in BTC (3850 - which also coincide with VPOC), there is high probable chance to see new high in coming years.
Long term bottom coming at 2400 later this year?
If we go by history of Great depression fall, we dropped 50% from top (386 to195) then retraced to 61% and fall back later to 40. Now 2020 top made at 29568, 50% decline comes close to 15050, which also coincide with AVWAP from DOT-COM crash low. ~ TARGET 1 Pullback may come till 61% - 23300. Which also will coincide with current AVWAP from top. ~ TARGET 2 And...
"History doesn't repeat, but it does rhyme" - Mark Twain.
When a clear barometer for the health of the global economy is in trouble, don't see any logic for equity market to soar high. Can look for short trade below 2.45 for positional target of 2.0 and may be 1.44 for potential LT bottom.
Looks like pullback is over. LT Target - 82 (best case). LT Target - 50 (worst case and best case for new investor.)
Price structure looking weak expecting some bounce near 10100 levels( AVWAP price from Demonetization lows ) and temporary bounce to current VPOC price at 10780, will decide further course of action from there. But as of now by bias is bearish for- Target 1 - 10100. Likely Case. (Previous swing low pivot support ) Target 2 - 9085. Best case (Previous swing high...
Looks like Up-move(bounce) is over . Conservative short can be played below 17.50 with SL 19. Long-term bearish levels - 13$ - 8.50$
Very good entry for Long Term Investment 190-195.
Looks like up move is gonna halt here, next stop around lower end of channel which comes at 250. Investment Zone - 250-225(AVWAP).
DAX is very much oversold. Friday price actions seems demand coming at second major VPOC at 11675, reversal is inevitable at-least to any mention levels on charts. i.e 12333 R1 - 12877 R2 - 13200 R3. Further price action at above mentioned levels will decide bears strength.
Crude Oil poised to visit 2016 lows for once again. Likely Target 1 - 39$ Likely Target 2 - 28$
This trade will look more promising on break of 1678-1668 with Stop loss of 1688.
Bearish for long-term. Can try positional short below 3150, with SL of 3250. Long-term target T1 2000 (Best case)- T2 1650- T3 1500 (Worst case)