Morning guys,
Market shows very weak reaction on any bullish patterns that was forming on intraday charts. Current situation is not an exception.
This makes us to wait for 1.618 butterfly target on daily chart around 2900$. Reaction on 1.27 target was just minor harmonic swing.
Once trend stands bullish by MACD but price shows flat action - this makes us think on existence of bearish dynamic pressure, which should lead to another leg down sometime soon.
Analysis of intraday charts stand in the daily video on our website. Link stands in sign.
Market shows very weak reaction on any bullish patterns that was forming on intraday charts. Current situation is not an exception.
This makes us to wait for 1.618 butterfly target on daily chart around 2900$. Reaction on 1.27 target was just minor harmonic swing.
Once trend stands bullish by MACD but price shows flat action - this makes us think on existence of bearish dynamic pressure, which should lead to another leg down sometime soon.
Analysis of intraday charts stand in the daily video on our website. Link stands in sign.
ForexPeaceArmy BTC analytics :
www.forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
www.forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
www.forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
www.forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/