This is what a market bottom could look like. Currently some nice rsi bullish div. Looking like it is in a bull flag. Appear to have had our capitulatory move. Fundamentally speaking we are working our way to the end of the world so we can see a catalyst like a nuclear arms race or world war breaking out. Is this chart the hourglass for humanity? If we break...
Hello Only one day left before 2020. This is just an update. Thank you.
I like this ETF for 4 Reasons 1) The coldest months of the year are about to begin and the demand for heating should be strong until at least February 2) At $21 it still has a lot of wiggle room compared to its 52 week high of $36 3) OPEC and Russia have announced production cuts 4) Positive trade deal news is positive Energy news. I'm expecting some major action...
Newgold had reached some support after consolidating in a falling wedge pattern. Longer term investors can start accumulating from the viewpoint that support will hold, and that the falling wedge will break to the upside. Gold futures is looking bullish, but the USDZAR needs to play along.
AAXJ held support at 72.45 on the daily chart. My next target is ~74.60.
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Looks like a huge descending wedge, seems like they're going to continue to push the Dow higher, but I personally don't see much more room to run past 28500. I like the 3X weighting on this position for a short play to hedge against any downturn. I do believe we may head to higher highs and push this market through Q1, but I'm not confident we can keep it afloat...
NGAS (Henry Hub) has unsuccessfully tried to break the DEMA 31 line, as highlighted in the chart in the ellipse. After the unsuccessful attempt, it broke down the channel until the 0.786 Fibonacci retracement. Our assumption is that it will continue the downfall until the support line at 2.197. After that, it will be safe to close half or more of the trade,...
There are few indicators that lead to the decision to short Crude Oil. First, the chart has performed an unsuccessful attempt to break the 0.618 Fibonacci retracement, which is also a strong resistance line over the years. Second, the RSI, as highlighted, is showing exhaustion at 62.64 points. It is also the resistance in the last pull down. It might be not...
Dollar index has broken below a key horizontal support 97.0 It is a very important clue to consider analyzing the market. I believe that next week we may expect further bearish continuation. the next key level for the greenback will be 96.
$AAXJ has held support at 70.11. If it breaks resistance and holds at 72.45 next major resistance range is 74.55. Looks like a double bottom has formed as downtrend resistance has been broken
Let me be clear that until we break to new highs (~11.60) with confidence, there is risk still for one last pullback to (~8.90). However, the fundamentals are lining up for silver to go parabolic, whether that happens immediately, or the beginning of next year. My long term target is in the $20's
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Coming to the end of a triangle pattern, this asset has been coiling up like a spring with tighter and tighter range bound movement. Taking into account that hoilday season is just around the corner, I like this asset going forward
spy is trading within a strong zone of supply. I will short the market only after a bearish breakout of a minor rising channel. It will be a "compulsory" confirmation on so strong bullish market. target levels have been adjusted: T1 - 3050 T2 - 3000 stop will be strictly above the highest point of the channel.
GOLD is steadily coming closer and closer to month's low. I will be waiting for a reversal formation within the underlined orange area to buy the market expecting pullback. Stop will be strictly below the zone. Target levels will be 1458.0 / 1466.0
S&P500 is close to a strong zone of resistance 3130 - 3160. I will be looking for a reversal formation inside this zone to short the market expecting the retracement to the support of a rising channel. *don't trade aggressively and act only after the confirmation.
- 200ma is pointing upwards and price is above - Price has returned to the trendline which coincides with horizontal support of a flat-top triangle - Stochastic is oversold - SL below 200 moving average (Daily) JSE:GLPROP