A time Analysis plotting bottoms and tops
Each period of time between bottom and top is roughly the same, which allows for the last assumption of a bull move upward
Strong trend line up will be held
Red is top, Green is bottom
The chart posted is just one of so many that has been used to take money from weak hands to back to strong hands that should be at least a drop of 65 to 75 % well before any one can stick their head out of the foxhole . I say foxhole because there has been a war going on for decades the rich vs the workers . Btw the way there has been little to no...
High relative strength, new highs, and breaking out on a weekly time frame.
Not many stocks could make the same claim today... institutions need to put money to work. They can't just sit in cash - many are mandated to have exposure. I've heard stories of some not being allowed to have a 10% cash position. So where do they put their money? Hopefully in strength....
This is a pretty simple set up here. We have a huge base on PSA going back to March 2016. The previous highs from that time are presenting textbook resistance in my opinion. I believe that PSA will break out and there's an opportunity in the setup. Here's my thesis:
The XLRE has being showing relative strength to the S&P the last three months and has...
Price is currently testing a resistance zone. Looking for a retracement of previous low up to 61% of fibonnaci. On the 4 hour I see a W pattern that is finishing up hopefully which would trigger a pullback.
Strike Price: $230.34
What do you think?
Like, Follow, Agree, Disagree!
This is my prediction for PSA. We are heading for cycle wave III which will be devided to 5 primary waves.
The targets for the three upcoming primary impusive waves are inside the red boxes.
This prediction is based on my personal opinion and this article does not suggest you to make any trades.
I am not responsible for any future losses using...
After the fed meeting on Wednesday announced they would not continue to raise rates, PSA zoomed to new highs. Ignoring the MACD and RSI divergence. This is a rare signal named Hound of the Baskervilles signal after the Sherlock Holmes novel. It is an incredibly strong signal that indicates something fundamentally is changing in the market. In this case it seems...