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Hello traders!
We have seen some reversal down from the high in the last few days, so I am wondering if BTCUSD is maybe headed down for a deeper pullback.

Hope you will enjoy the video.

Trade well,

Grega

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Hello traders!

Price on USDMXN is approaching the lower trendline support of a contracting range. Sooner or later we think this one will be out. Keep in mind that some markets still have open gaps from March. USDMXN is one of them.

Trade well!
GH

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Can USD/JPY see 108 as USD index stops for a correction? Talking about these two, plus SP500 and Dax in the following video


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Hello traders,

GBPAUD is clearly bearish, as we see a sharp fall in impulsive price activity down from 2.085 high. We are tracking a so-called impulse, a move that is structured by five waves, where two of them are corrections. Now, we are tracking a wave 4 correction which started at 1.768 level, and it can climb a little higher as correction are made by three waves, before pair can look for strong resistance and a bearish resumption into a wave 5.

"A wave 4 correction can unfold as a simple zig-zag, a flat, a triangle, or a more complex w-x-y move."

Resistance for a wave 4 correction can be at Fib. Ratio of 23.6/38.2 that comes in at 1.84/1.88 level so watch that area as a potential reversal zone. As such, there is room for slightly more upside before downtrend may resume.


Below you have a chart of GBPAUD and an example of an impulse in bearish trend.

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Hello traders,

In this video Grega talks about EURUSD, AUDUSD, USDCAD, USDJPY, METALS and SP500.

For more details, check the video below.

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Hello traders,

Check our new video below.

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Hello traders,

German DAX has made a very strong recovery from March lows, however this recovery can now be slowing down based on two interpretations we are observing. The first one shows a potential flat correction in the making for wave II, where we are looking for a five-wave fall into wave C even back towards 1600 level. Then we have another wave count, count #2, that shows a potential top formation in wave 5 of I. This is also a bearish interpretation for the near future, as deeper, thee-wave A, B, C set-back could show up.
At the same time, let us also mention that market is turning down from above 13300 with minor five legs, breaking below the trend line connected from June lows, so traders should be careful and be aware of a risk-off.
From a long to mid-term perspective we think that there will be opportunities on the long side on the stock market, but best is to wait on lower, better prices.

German DAX, 4h


German DAX, 4h (count #2)



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