*Possible Cup & Handle Formation (1MONTH RANGE, 1HR TF) - BULLISH BIAS SCENARIO: I find a decent FVG at previous level of 17650, suitable for a short-term retracement of (-.50)%. - Personally a good-ole sideways action during this week's FOMC decision and other news/data coming out, will add to the suspense. (Looking at the 1MONTH RANGE, 1HR TF). -...
Seems reasonable for BTC to have a correction of about 15-18%, before hitting 50K. Plan: take out the Liquidity resting under 40K seems like a likely Target IMO, before the next move. Its presumed to go Higher after the BTC ETF's Approval. Institutions already made their profit, Now they'll Dump & Buy at Discount. Rinse & Repeat.
SCENARIO 1) Strong immediate Resistance at $17.07 currently on USDMXN, although a push to retest $17.10 would be fair. Key point is a Leg down $16.98 is in my sights. SCENARIO 2) IPC Mexico INDEX for Mexican stocks takes a breather after reach ATH’s near 57,700. Indicators point to OVER-BOUGHT conditions plus a gap fill needs attention at 55,200. That would...
Have to wait to see how this unfolds. What's your bias..
Downside pressure came through, retesting 4103 previous target.
Spy may be revisiting the 414 price target. VIX seems to be retracing again. CONTINUATION of yesterday basically....