In my opinion this is a very good possibility. We might just be in the early stages of a recession and the market is letting us know that it is not liking what it sees coming.
Lots of investors have been overlooking all the bad data and indicators. But to tell you the truth, this does not surprise me at all, considering they did the same exact thing right before...
After A Bigger Inverted Head N Shoulders, We Got A Retest... Point A - C, which formed a double bottom. in confluence with the fibs 61.8%
NOW looking for a continuation back up to our FIRST targets -27%. at 1.35621 for now
lets see what happens
Ripple has broken out of the wedge we analyzed on Tuesdays Technical Analysis livestream by capturing liquidity at the 0.4 major quarter and then aggressively shifting down below 0.35
As of right now, we are on track to continue moving down towards 0.325 (the next quarter level) based on the price action and how the intraday candles are looking.
We can expect...
After Looking At " Daily Chart Time Frames"
1.On 10th October 2018 There Was Rectangle Pattern Breakout .This Breakout is same on Weekly Chart 1214
That 1214 Is Strong Support Point For Gold
2.Recently on 13th Nov it traded one month low at 1196 So It Another Strongest Support
3.Looking at Fibonacci Level .38 any daily close above 1244 will be bullish...
Developing on an idea from yesterday where i explain the economic cycle of an investor via bitcoin chart, i have elaborated on this by running the same process across the chart from 2014 to 2018.
The chart speaks for itself. All points needed to know/note are clearly marked on the chart.
The cycle is clear and the trend is clear.
The point of which the next...
By Q1 of 2019 we could see gold trade as high as 1450!
Remember Technical Analysis is Personal Perspective and there are many fundamental factors that contribute to the Price Movement on Gold including, but definitely not limited to:
Large Investors (Switzerland, Russia, Independent Individuals etc) that have accumulated a long term...
Here we have XRP on the weekly chart. Unfortunately, As we can see, Ripple was one of the cryptos which retraced the most. To almost a 100% of wave 1!
After 5 minor waves up, so far we have an ABC type of correction. If we assume that we are done with the correction, we can anticipate the start of wave 3 which is often the longest wave! However, we could get an...