abstrusegoose

abstrusegoose

It's been a hectic week (moving) and will be an even more hectic month (travel) up ahead, but I have managed to sneak some charting time into it all. -No real bouncing back and forth in the yellow "consolidation zone" I had been watching, but the bottom served as solid support, and the top briefly provided some resistance. -The more accurate pattern in that zone...

abstrusegoose

Bulls are going to be bulls in a bull market, but the market is still momma's house, and you have to play by momma's rules. When bulls get too ahead of themselves, the market gets unhappy, and problems ensue. One pattern that shows up here: squeeze, breakthrough, consolidation (rinse), repeat. As long as everyone has had enough time to consolidate, and for the...

abstrusegoose

Just figured I might as well publish something, get the critiques of more experienced traders :) We crossed above the TS now and are approaching the triple whammy of resistance with the KS + trendline + cloud. Short term trendline suggests we might go up, which agrees with the good news out of the Chinese exchanges recently, but longer term suggests we...