I posted recently the neck was broken on oil. The bears made out big! Now Bulls it looks like it is your turn. Volatility. I see $57-$58 for the bull run let's see! See my posts below to see the current Geometrical Frequency of Oil. -Coach Reeves
Check it out! -Coach Reeves
Here you can see how the seesaw may unfold. Geometry! Cheers -Coach Reeves
We all know it is coming. To chart the pattern of the crisis look to the incoming 5g technology deadlines. 2020 is the deadline. Go back to 3/4 g deadlines and upgrades. 3g=1999-2000. 4g=208-2009. Look it all up and do the math. Everything is at the top in terms of the market. Commodities are coming off bottoms. How hard is this to see? Not hard unless you are blind.
Please see above.
You can see this is confirmation of a much bigger play. JUST LOOK AT IT AND ENJOY!
I love love love setups like this. What you see here is a classic symmetrical breakout from a classic cup and handle. Each with time frames of significance. Of course the more powerful move will be the Symmetrical triangle. The cup and handle however should give us our initial bottom trend line for this bull run set up. I drew an imaginary line to give and...
When charting oil it becomes very clear that the symmetrical triangle has formed. I have been saying this all year long. I expect big moves in both directions in the markets as volatility continues its treacherous path. Let us see how this huge pattern plays out. Patterns that are produced over longer periods of time tend to bare more weight and strength in...
XOP has been bullish and grinding higher. Playing consolidation at lower prices via options and DRIP etf.
FOMC in yellow EIAs in light red Still bearish AF this year but looking for perfect short
I think we are still in a general uptrend in the RSI, and on the weekly chart for the VIX. Next target ~$40 after consolidating for no more than a week or two. I estimate we hit $40 by February 1st at the latest. Based on this analysis, I go long on $DRIP to next fibonacci target of ~$33, setting trailing stop there with 5% maximum price offset. I think in the...
expect a continuation on DRIP. but try to scale in slowly. if we break below 18.01 pivot point we can retrace to the bottom of this channel.....lets see if this 19.72 will hold as support...
It mirrors IPO action in the RSI and price action. I think we are entering the continuation of the bear market. Please see my $DRIP chart here for full analysis:
entered with little qty. will add more if goes down further