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...
Do these arches of the RSI spell a new rainbow rally? I think that might just be the case as these past fractals al seem to correlate with the RSI 'landing'... We might just be in the eye of the storm.
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.
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....