Good morning,
A weekly buy signal is now appearing for Stochastic DMI in line with the 5D signal earlier this week.
I am seeing NASDAQ and SPX reaching there pullback ranges with the potential for a final impulse wave to the upside before consolidation.
DXY is looking strong yes but has just touched the 0.5 retracement fib. the 0.618 is still viable and is in line with a nice weekly FVG.
You have to consider that despite all this BTC has held firm and has not yet broken below 24.8k on the weekly. I consider this signficant and it has allowed moment to completed reset without volatility moving off the lows.
Yes there is still risk to the downside here and 20k, 22k are very viable targets. However, i am starting to see real potential for a impulsive Q4 to break the 32k heavy resistance and fully confirm the bull market. This is somewhat contrarian right now but September holding firm is significant to me.
Invalidation remains with a weekly close below 24.8 whilst confirmation for further upside sits with a weekly close above 28.5k
I've kept the chart simple this time but elliot wave is still viable for an ABC flat here into a final 5th wave impulse prior to the halving.
Have a good day!!
A weekly buy signal is now appearing for Stochastic DMI in line with the 5D signal earlier this week.
I am seeing NASDAQ and SPX reaching there pullback ranges with the potential for a final impulse wave to the upside before consolidation.
DXY is looking strong yes but has just touched the 0.5 retracement fib. the 0.618 is still viable and is in line with a nice weekly FVG.
You have to consider that despite all this BTC has held firm and has not yet broken below 24.8k on the weekly. I consider this signficant and it has allowed moment to completed reset without volatility moving off the lows.
Yes there is still risk to the downside here and 20k, 22k are very viable targets. However, i am starting to see real potential for a impulsive Q4 to break the 32k heavy resistance and fully confirm the bull market. This is somewhat contrarian right now but September holding firm is significant to me.
Invalidation remains with a weekly close below 24.8 whilst confirmation for further upside sits with a weekly close above 28.5k
I've kept the chart simple this time but elliot wave is still viable for an ABC flat here into a final 5th wave impulse prior to the halving.
Have a good day!!