TLT (The 20-Year US Treasury Bond ETF) has recently completed the measured move of the Ascending Broadening Wedge Breakdown and has now confirmed a Piercing Line on the 3-Month Chart while closing above the 0.886 Retrace. We can also see that the RSI has begun to break out of its downtrend and these combinations of variables seem to point towards the TLT reversing...
There is a Bullish Inverted Head and Shoulders with a Piercing Line on the potential Right Shoulder visible on the weekly timeframe above the 800-week EMA who's measured move would take it all the way up to the 1.272 Fibonacci Extension
if the pattern plays out.
The move up in SLV should be supported by the rising of the TLT and Falling of Yields (if that trend...
We have a Piercing Line with Bullish Divergence on the 3 Day near the 200 SMA at the PCZ of a Bullish Deep Cypher that if plays out could take it up to the level of $97 but if we're being realistic probably at least $100.
NYSE:USB is showing a big amount of Bullish Divergence on the Daily after printing a Bullish Abandoned Baby on the 1 Day Chart and a Piercing Line on the 2 Day Chart at the 0.886 PCZ of a Bullish Deep Gartley. If we hold above the lows it could eventually come back up to see 45-55 Dollars.
The DXY on the 1 Day has set itself up a Piercing Line Reversal pattern while on the 2 day it has settled at the 200 SMA while showing Bullish Divergence on the MACD. If this plays out, it could go for an ABCD move upwards between the .618 and .786 Retraces. This could especially be a good time to enter AUDUSD shorts.
BOIL; The 3x Bullish proxy for Natural Gas is showing Bullish Divergence at a 1.618 Fibonacci Extension after confirming a Piercing Line on the Weekly Timeframe at said level.
If it plays out i think BOIL could come back up to fill some gaps, meet the moving averages, and see anywhere from a 200%-700% rise.
I do however think USOIL will see a decline and that...
Dogecoin has one more chance to pivot from these levels, if it doesn't then it will likely come back down to test 7.2 cents but for now we have hope of a pivot to complete the potential Bullish BAMM to 14.8 Cents as we are holding above all the Moving Averages and just half an hour ago we confirmed a Piercing Line Daily Candle Close while showing Hidden Bullish...
• UBER is reacting today, however, this reaction alone is not good enough to characterize a true bullish reversal;
• Today it is doing a Piercing Line candlestick pattern just above the previous support at $27.10 (black line) – a bullish reversal structure;
• Although this is a decent reaction, it seems it is too soon to tell if this reaction will last long...
We have a Textbook Confirmed Piercing Line Visible on the Weekly on the Taiwan Semiconductor Manufacturing Company I was made aware of this a few days ago but opted to wait for the earnings report before taking action. We got a positive report so I am now taking action and my Bullish Target for TSMC will be around $100-$110 to fill the Gap Visible on the Daily Timeframe.
Hello traders and investors! Let’s see how the SPX is doing today!
First, the index is still in our “danger zone”, and the trend is still bearish. As long as it keeps doing lower highs/lows, nothing will change, and the SPX will just seek its next support levels.
The 21 ema, along with the resistance at 4,456 did a very competent job holding the price, as we...
Hello traders and investors! The SPX is going up more than 2% today, which is not surprising at all to us, as we already identified yesterday that it was the moment to buy.
But what about those who missed the opportunity? Many investors freeze in days like yesterday, and don’t have the guts to act. Is it now too late to buy? We’ll see.
First, in the 1h chart,...
Hello traders and investors! TSLA is doing exactly what we were expecting, and we see some good signs around today. In my last study, we identified an opportunity to buy TSLA, and in this post we'll continue the study and update some key points.
In the daily chart, we see that TSLA just did a brief retest of the $ 710 support area and it is bouncing back up...
Hello traders and investors! Let’s see how AMZN is doing today!
First, in the 1h chart, we see a bear trend. It is under the 21 ema, doing lower highs/lows. However, the situation is more complex than it looks.
It seems AMZN is trying to react, and if it does, it could break the $ 3,169, which is a clear pivot point. This would trigger a bullish structure on...
Sol retraced down to the PCZ of a small Bullish Bat Pattern above previous resistance and we reacted well to it and used it as a support to form a Piercing Line Bullish Reversal Pattern, now the RSI is showing signs of Hidden Bullish Divergence as well as the MACD.
This looks like it could be the final test before we finish our ABCD move up that would take us to...
