This just in!! If true, be careful tomorrow!! King World News just reported that an associate of George Soros leaked info that the US GDP data tomorrow is going to be slightly better than the forecast. The forecast is for GDP to have risen up to an astounding 2.5% from 1.4%. I think that would be a huge jump. But KWN reported that it would come in at a...
NOTHING SET, NO TIME, JUST WATCHING. CURIOUS.
I expect a move back to top of triangle. 1hr and 4hr stochastics and rsi support a move higher. With a break of 1277.264, the bounce high after the major drop from 1308, we should be clear to 1292 in short order. Invalidate and go short if trendline of triangle is broken and confirmed with consecutive hourly closes below trendline.
Cup and handle formation on daily bars. Neckline is at 1275. On a breakout above this level, target is same distance as bottom of cup to top right of cup, so $18. That would give us a target of 1293. Invalidate if handle retraces more than 2/3 of cup depth, so below 1256.
It's been a rough few weeks for gold and gdx (miners), but there could be some good gains up ahead. Looking back at the May lows, you can see that we are forming a similar pattern here in October which could be seen as a potential bottom for gold's recent downtrend, provided we are truly in a bull market for gold. This could be seen as a healthy correction...
1 Day Chart Are we about to start wave 5? I say yes and I am excited for it. If wave 5 is the same or bigger (as I have heard some analysts say for commodities) than wave 3, then I have worked out two possible price targets to reach probably Tuesday or Wednesday. A 100% Fib gain of wave 3 is approx. $16.58 which is coincidently right at about a resistance...
Large pennant formation over last few days. Cup and handle forming inside of ascending triangle. If can get above 41.80, should move towards yesterday resistance around 42.15, then break out to 43 invalidate if break traingle on 1hr close.
Green targets off of the SHARK pattern. Higher targets on chart for later... Good luck... sorry about the art; i was bored waiting.
rsi trensline intact after pullback and price holding triangle support. Should head back to top of triangle. Invalidate if price TL support is breached with hourly close.
We have yet another ascending triangle. We closed near the highs for the day. We have gapped up 2 days in a row. Gaps tend to come in 2s or 3s, so could very easily have another tomorrow. I'm looking for an extension of this pennant/triangle to 15. TP1: 15 TP2: 16.23 (close gap from 10/3/16 Invalidate this trade if we fall below today's low of 12.67
1) Divergence in the 4hr RSI and MACD crossing over. 2) Price has touched the bottom of the downward trendline on Oct 06. 3) Support at 38.2% Fibo of the rally from Jan 2016 to Aug 2016 4) May see another downleg to sub 37 due to spiking USD but risk/reward is good for a bounce to 42 Risk/reward ratio is 3:1
Bull flag, 1280 extension is target if break above 1272, and there was a 1274 extension on an ascending triangle overnight, so I think we get there. invalidate if break below 1265 should bounce off lower BB on 15min and head back to top BB
Could be a turning point as a saucer for bulls or a cup and handle continuation... we'll see.
Watching for patterns to complete. Down needed to reach neckline. Complete the harmonic, if it doesn't fall too low it should be valid to retrace to either 38.2% or 61.8% to form right shoulder, then drop. Lining this up with large US events. As always, levels are more accurate I feel than time. So we'll see when it all plays out, if it does.
Bull pennant today and inv h&s. TP at 12 and 16. Stop loss is today's open
Have a Cup Full (prev cup on 5min/now on 15min tf)
Took profits on $jdst based on huge cup potential & with the A/D showing me its future direction. Not stating when, how, why or giving trading advice. However, I'm very confident of $130-40 range within next 1.5 week. I have several targets $1268 b/o leads to $1280, $1280 leads us back to $1330-40 range, if we take out we run to $1400+ I added to my Jnug position...