Pump Inbound for the Dollar Index
A likely bottom has been found for the US Dollar Index. I'm labeling the down trend as a triple zigzag. It subdivides the easiest, although other labeling techniques are also acceptable. More importantly, the second wave has retraced a Fibonacci 61.8% from the high. A guideline for a second wave retracement which sports a zigzag or zigzag combination pattern. The reaction from … [Read more...] about Pump Inbound for the Dollar Index
Are We Just Moving the Goal Post?
I've changed the count for the Dow Jones Industrial Average. The July High Broke. Am am simply moving the goal post to meet a pre conceived narrative? As much as it may seem that way to many who do not understand the fractal nature of financial markets, I am not. My job is to determine the most probable outcome. Analyze the market in totality and certainly NOT to simply label … [Read more...] about Are We Just Moving the Goal Post?
You Can Still Turn a Profit and Be Wrong
My last analysis for Gold assumed an expanded flat was going to play out in order to create a wider base channel. Gold had a different plan. I’ve said it before and I’ll say it again, you can only take what the market is willing to give. The market doesn’t care about your plan, and the way this structure was played is a perfect example of turning a profit while also being … [Read more...] about You Can Still Turn a Profit and Be Wrong
Bitcoin Short Term Trends Align
This is what’s meant by putting the honey badger in a corner. The scalp short entry I posted in the Discord is an example of just that. The market is in a position to give us 5 waves down regardless of which count is correct. The top pane suggests that a flat pattern is finishing and the bottom pane suggests a completed top and BTC will begin a series of 1-2’s to change the … [Read more...] about Bitcoin Short Term Trends Align