Price is at R3 reversal area - April pivot (which was untested, price came to close it). April pivot range acts as resistance now.
I see price drop back to 12-11, as history seems to repeat itself. 12 is also May reversal level, bottom of May value zone, which makes sense.
So I would look for bearish setup anytime. As price make bearish reversal pattern, that is it. And it should anytime soon.
Top correlation 5 min
1 XTIUSD - XBRUSD 95.8%
2 XTIUSD - CNI30 (CHINA30) 85.3%
3 XTIUSD - FNG10 (Big Tech 10) 82.0%
4 XTIUSD - GBPNOK -79.1%
5 XTIUSD - XNGUSD -78.6%
6 XTIUSD - LIT15 76.6%
7 XTIUSD - CAN20 75.3%
8 XTIUSD - GBPAUD -74.1%
9 XTIUSD - GBPSEK -73.8%
10 XTIUSD - FRA40 73.7%
Top correlation 30 min
1 XTIUSD - XAGUSD 92.0%
2 XTIUSD - XAGEUR 91.9%
3 XTIUSD - XBRUSD 91.7%
4 XTIUSD - AUDNZD 91.6%
5 XTIUSD - GBPTRY -91.4%
6 XTIUSD - XAGAUD 91.4%
7 XTIUSD - XAUGBP 91.2%
8 XTIUSD - XAUUSD 90.1%
9 XTIUSD - GBPSGD -89.7%
10 XTIUSD - GBPCHF -89.5%
Top correlation 1 hour
1 XTIUSD - USDTRY -95.9%
2 XTIUSD - XBRUSD 95.8%
3 XTIUSD - XAGEUR 95.7%
4 XTIUSD - XAGUSD 94.9%
5 XTIUSD - XAUCHF 94.2%
6 XTIUSD - XAUUSD 94.1%
7 XTIUSD - XAGAUD 93.4%
8 XTIUSD - GBPTRY -93.2%
9 XTIUSD - XAUEUR 93.1%
10 XTIUSD - GBPCAD -91.8%
Top correlation 1 week
1 XTIUSD - XBRUSD 99.6%
2 XTIUSD - EURZAR -97.3%
3 XTIUSD - USDZAR -97.0%
4 XTIUSD - USDMXN -95.8%
5 XTIUSD - EURMXN -95.4%
6 XTIUSD - GBPMXN -95.2%
7 XTIUSD - USDCAD -94.9%
8 XTIUSD - ZARJPY 94.8%
9 XTIUSD - SPA35 94.7%
10 XTIUSD - NOKJPY 93.4%
Top Absolute Correlation 1 month
1 XTIUSD - XBRUSD 98.2%
2 XTIUSD - NOKSEK 75.5%
3 XTIUSD - UK100 (FTSE100) 73.4%
4 XTIUSD - US2000 (RUSSEL2000) 71.0%
5 XTIUSD - USDHKD 68.3%
6 XTIUSD - NOKJPY 65.8%
7 XTIUSD - ZARJPY 64.8%
8 XTIUSD - USDZAR -61.5%
9 XTIUSD - EURPLN -60.7%
10 XTIUSD - XAUEUR -60.2%
I see price drop back to 12-11, as history seems to repeat itself. 12 is also May reversal level, bottom of May value zone, which makes sense.
So I would look for bearish setup anytime. As price make bearish reversal pattern, that is it. And it should anytime soon.
Top correlation 5 min
1 XTIUSD - XBRUSD 95.8%
2 XTIUSD - CNI30 (CHINA30) 85.3%
3 XTIUSD - FNG10 (Big Tech 10) 82.0%
4 XTIUSD - GBPNOK -79.1%
5 XTIUSD - XNGUSD -78.6%
6 XTIUSD - LIT15 76.6%
7 XTIUSD - CAN20 75.3%
8 XTIUSD - GBPAUD -74.1%
9 XTIUSD - GBPSEK -73.8%
10 XTIUSD - FRA40 73.7%
Top correlation 30 min
1 XTIUSD - XAGUSD 92.0%
2 XTIUSD - XAGEUR 91.9%
3 XTIUSD - XBRUSD 91.7%
4 XTIUSD - AUDNZD 91.6%
5 XTIUSD - GBPTRY -91.4%
6 XTIUSD - XAGAUD 91.4%
7 XTIUSD - XAUGBP 91.2%
8 XTIUSD - XAUUSD 90.1%
9 XTIUSD - GBPSGD -89.7%
10 XTIUSD - GBPCHF -89.5%
Top correlation 1 hour
1 XTIUSD - USDTRY -95.9%
2 XTIUSD - XBRUSD 95.8%
3 XTIUSD - XAGEUR 95.7%
4 XTIUSD - XAGUSD 94.9%
5 XTIUSD - XAUCHF 94.2%
6 XTIUSD - XAUUSD 94.1%
7 XTIUSD - XAGAUD 93.4%
8 XTIUSD - GBPTRY -93.2%
9 XTIUSD - XAUEUR 93.1%
10 XTIUSD - GBPCAD -91.8%
Top correlation 1 week
1 XTIUSD - XBRUSD 99.6%
2 XTIUSD - EURZAR -97.3%
3 XTIUSD - USDZAR -97.0%
4 XTIUSD - USDMXN -95.8%
5 XTIUSD - EURMXN -95.4%
6 XTIUSD - GBPMXN -95.2%
7 XTIUSD - USDCAD -94.9%
8 XTIUSD - ZARJPY 94.8%
9 XTIUSD - SPA35 94.7%
10 XTIUSD - NOKJPY 93.4%
Top Absolute Correlation 1 month
1 XTIUSD - XBRUSD 98.2%
2 XTIUSD - NOKSEK 75.5%
3 XTIUSD - UK100 (FTSE100) 73.4%
4 XTIUSD - US2000 (RUSSEL2000) 71.0%
5 XTIUSD - USDHKD 68.3%
6 XTIUSD - NOKJPY 65.8%
7 XTIUSD - ZARJPY 64.8%
8 XTIUSD - USDZAR -61.5%
9 XTIUSD - EURPLN -60.7%
10 XTIUSD - XAUEUR -60.2%
Ghi chú
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.