EUR/USD - We finally got the the break above 144, but it's not super convincing. We have a lot of overhead resistance at 144.50; 145.32 and 145.77 which needs to be cleared to ensure the rally above 149.39 to end the final e-leg of the Ending Diagonal, which has been building since the 118.75 low.
Gold - We have now hit the resistance area, which should protect further upside if we are looking at a S/H/S top. Short term we need a break below 1,758.55 to indicate the top of wave ii, while a break below 1,745 confims the top and a test of the all important support at 1,720 (neckline)
Crude Oil- need one more go at the top of purple wave iv. This rally was followed by clear weakness and should be the last push higher ind red wave iv and red wave v should now be under way. A break below 84 will raise the oods, that red wave v down to the 72 area has begun.
EUR/USD - We finally got the the break above 144, but it's not super convincing. We have a lot of overhead resistance at 144.50; 145.32 and 145.77 which needs to be cleared to ensure the rally above 149.39 to end the final e-leg of the Ending Diagonal, which has been building since the 118.75 low.
Gold - We have now hit the resistance area, which should protect further upside if we are looking at a S/H/S top. Short term we need a break below 1,758.55 to indicate the top of wave ii, while a break below 1,745 confims the top and a test of the all important support at 1,720 (neckline)
Crude Oil- need one more go at the top of purple wave iv. This rally was followed by clear weakness and should be the last push higher ind red wave iv and red wave v should now be under way. A break below 84 will raise the oods, that red wave v down to the 72 area has begun.
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