One could look at it as a loooooooooooong type of bottoming formation. As long as this LPS holds one should be expecting a strong SOS before continuation further upwards. And of course: If it looks like a flag, it usually is one. When/If this break upwards, things will speed up quickly. --- If you like my content, if it helps you gain profit, give it a...
Natural Gas is appraoching the apex of a wedge pattern. The Apex is the very tip of the triangle where 2 trendlines meet. Price will likely have to make a move by April 3 or sooner. As for which way will price break is anyones guess, but probabliietes are slightly swaying lower. Signs of accumulation are being observed in the resource stocks. So a bottom is...
Price action here looking quite constructive. After breaking out the wedge formation and back above the 200dma, price has consolidated in a box after retesting and holding the 200dma. I think we see a move back to at least $26.30 on this
Natural gas has crashed when comparing it to the DBC commodity ETF. If a recession takes hold, demand destruction always prevails and it looks like Nat gas is pricing this in. This price action could be a leading indicator that many other commodities may be vulnerable to a pullback. Since Natural Gas is one of the smaller components of this ETF, it can see a...
There is a lot of fear and uncertainty about bank runs right now, but fortunately, TradingView's charts give us objective and unbiased insight into the actual state of U.S. bank liquidity. In this video, I explain some key charts that you can use to analyze banking liquidity. You can add these charts to your Watchlist so you're always able to get a pulse on the...
SPX vs Inflation is a chart I explained in the following idea. While this chart showed incredible golden-ratio behavior, there are some periods which stand out. The smooth dance of the ratio throughout the last 100 years, has some quirks (the red ellipses). These periods are not random, they all feature a bubble behavior. It is clear as day that in 1996 the...
This one was requested by one of our supporters in the last Name Your Altcoin series, Part 6. Even though it didn't make it to the last batch of 10, from 50-60, here it is... I have to share this with you because we have some crazy numbers, really big. This type of market action supports what I've been saying all along; That Cryptocurrency already bottomed and...
Well actually its a pretty cool and especially ALIVE project (twitter.com) but like many small caps this one has been in a bad decline since price discovery. Here we are down 99.8% from the ATH looking at the chart in LOG scale to make it fit Its a bit tough to charts but actually theres just 3 possibilities 1) its just going sideways here forevery slowly...
It seems that there is a lot of excitement and interest in the potential of AI and its applications in the coming years. Companies and persons like Elon Musk with OpenAI are making strides in developing advanced AI technology, and this has sparked interest in AI-related products. the DeepBrain Chain coin can play an important role coming time, which some believe...
DB. commodity index We expect the index to continue declining because prices are below the 27.05 resistance point, and wave (2) has already ended and started falling in waves (3). We expect prices to drop to 1.618% at 22.18, but currently, we expect the correction to continue to 61% at 26.06 to end wave 2 before descending again.
DB. commodity index We expect the index to continue declining because prices are below the 27.05 resistance point, and wave (2) has already ended and started declining in waves (3). We expect prices to drop to 2.618% at 20.02, but for now,
DB. commodity index We expect the index to continue declining because prices are below the 27.05 resistance point, and wave (2) has already ended and started falling in waves (3). We expect prices to drop to 1.618% at 22.18, but currently, we expect the correction to continue to 61% at 26.06 to end wave 2 before descending again.
DBC - Invesco Deutsche Bank Commodity Index has closed and broken below both the rising channel and the 200 day moving average. Technically this is quite damaging and it will be interesting to see if we get follow through to the downside. Crude oil and gasoline are major weights in this basket accounting for half of the weighting followed by gold at just over 6%...
DB. commodity index We expect the index to continue to decline since prices are below the 27.05 resistance point, and wave (2) has already ended and started descending in waves (3). We expect prices to drop to 1.618% levels at 22.18 prices
DB. commodity index And we expected that the correction would end in wave (2) and the price would be at 27.24, then it would start declining again to lower levels, it might reach 24.21, but this decline depends on price trading below the resistance point of 30.66
Commodities have peaked. FED will keep on increasing rates to break the inflation. Short - DBC Profit target 21.88
I can't say that I've called a top using trendlines atop of a bullish trend, but I've seen a few others do it. With the rise in the dollar bringing mass bearishness to rest of the investment complex, a pause could bring some welcome relief. Anyway, I thought the timing might be relevant as important lower levels approach in $CL, $UX, and some metals, as well being...
Oct 20' - Investors unsure of market, COVID concerns, no real fix - Premise 1 - Investors move into commodities, specifically previous metals. Premise 2 -Energies + Commodities related to consumer goods DBC index provides basket catching the best of everything without great risk. At least that was what I read at the time of analysis. March 22' Equity...