ARC is having a healthy correction after rising around 470% due to AI hype. I will buy on confirmation of the breakout of the descending trendline for mid-term and I will do DCA if it goes down further.
or this may be a 2B double top extension. (see Bitcoin Nov-2021 2B top, or see Gold-ounce double top from Ukraine tensions in Spring 2022) I think that the coal new paradigm pump is a sell the news event, energy supply tensions are easing and in the USA the domestic stress of a Rail Workers Union strike will be resolved within weeks. Strong Supply...
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
$ARCH broken out of DTL and hovering above AVWAP. what is interesting with this name is how it is holding its support range and the relative strength it has reflected during the mid month correction
Model has given entry signals for Arch Resources: - Arch Resources, previously known as Arch Coal, is an American coal mining and processing company. The company mines, processes, and markets bituminous and sub-bituminous coal with low sulfur content in the United States. Arch Resources is the second-largest supplier of coal in the United States, behind Peabody...
After 62% Fib-retracement and break of short-term downtrend, expect at least a test of the long-term downtrend since May 2019 at 55ish. That's the short term. Longer-term, I would expect to see 55 to be taken out, opening the way to the highs (and, if you really want to offer a stretched view, potential towards the 160 (!) level) above 100. Yeah, right, we do...
Gold has been in consolidation since the summertime highs. The fundamental picture for gold is the same and strengthening. Lots of noise about the rising dollar and the 'end-of-days' for precious metals. While there are many obvious cases for Gold fundamentals, we are often presented with the binary view (ST speculator noise) where DXY and GOLD have an inverse...
KRAKEN:ETHUSD Etherum already failed to break the strongest support for it and confess that the market would allow such a powerful fall .... This week all the crypto currencies had a significant drop somewhere in 20% and Etherum was hinted and fell slightly up to the media point and now I'm pullbacking in my $ 250 zone and I believe the price will continue to be...
BITMEX:XBTUSD seems to be playing at the bottom of an arch projection from the top, being close to the middle point. If it can hold in the next days above the 2/1 Gann line and break through the 3/1 green line and the big orange trend line this can be the start of a new upwards cycle.
Gartley pattern fit's with expected trend's exponential slowdown.
ALL CURRENCY PAIRS IN WHICH THE USD IS THE DENOMINATOR HAVE BEEN FOLLOWING A SIMILAR ARC SHAPE SINCE THE 2009 RECESSION. AS WE CAN SEE HERE, JPYUSD, CADUSD HAVE REACHED THEIR PREVIOUS SUPPORT AREAS. ONE CURRENCY PAIR THAT HASNT REACHED ITS PREVIOUS LOW IS THE AUDUSD. ALL MARKETS WORK TOGETHER, THEREFORE I BELIEVE THIS PAIR IS LAGGING COMPARED TO IS RELATIVES....