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created: 7/31/24
Price:
Analysis:
Trend Analysis:
DXY has had high downward momentum, weak upward momentum but sustainable only until the high on the bulls side.
Market declined (-1.8%)(1HR/TC), (-1.5%)(5Min/(TC) from 1 July to 31 July 2024
market close below 3(+) previous lows
(may see stagflation) if no break @ low to continue decline or strong supporting reversal
-
Structure:
103.851(AB), 103.470(AB). expect decline to continue has potential to smash through first AB(103.851) but expect high rejection at both levels on decline, bulls will look to steal.
market looking to break stagflation era currently retesting decline toward AB(103.851)
Support & Resistance Levels:
Support: 103.851, 103.470
Resistance: 104.417, 104.209, 104.667
Crossovers & Moving Averages:
Expect strong bullish movements @AB's
News & Events:
Scenario Analysis:
Market pushes towards AB(103.851) and reverses to most recent high
Market creates common bullish pattern (doubletop, triple top) turns bulls back to high @104.209 before retest to Ab(103.851)
market smash through Ab1 hit Ab2 then see reversal.
Objective & Targets:
1. push to AB(103.851) sell continuations
2. catch reversals @ either AB's to most recent high
3. catch reversal @ AB(103.470) take significant incline @oversold market
YOLO:
Entry Point:
Exit Point:
Today's rule:
Aug 31st:
(SPX RULES)
follow the significant incline but sell the high, follow buy momentum
(Netflix rules)
sell to 5466.07 - (MO)
longer timer 9 min entry sell at high $710.91 allow bouncing inclined momentum to wear off market gradually declines in the process longer timer ensures profits - (xx)
Mid short timer 6min window, due to short inclined retracement (maybe) accounted for, Price 708.76 . (xx)
3 Min timer for decline continuation, (actually shortened timer to 1min due to momentum of situation). (xx)
(MOR) @ 5668.34
New (MO) 5486.24)) created, Buy @ last (MO) 5466.07, sell @ new (MO) 5486.24
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