Gold is trading at the upper extreme of its regression channel since it broke down in April 2013.
Deduce what you will based on your own trading strategy, some may view this as a potential break-out, others might play the mean-reversion.
I'm agnostic for $DXY related reasons, so I will watch closely.
Previously I had complained about the 8$ spike making normal analysis difficult based on it being an outlier that distorts our outlook. Based on statistics, I have a healthy respect for the law of averages which is why regression analysis appeals to me. Using a regression line back to the years low at 1.056, we find that it happened 205 days ago, using this for...
After tailing off for 2015, United is not facing a major trendline as well as a key Fibonacci ratio. If United breaks out, look for it to break out from this regression channel. If we break the trend, we have plenty of support below.
Not much to say here. We see an obvious regression going on indicating an uptrend is about to take place, however it's also possible the stock price follows the triangle pattern plotted breaking through the bottom (bearish) or top (bullish). It's any mans guess at this point.
The mainstream press like CNN, Bloomberg or The Guardian thinks that Bitcoin is dead by simply comparing the price change from December 2013 to 2014. Bitcoin is far from dead, but there is a risk of a new downtrend if the price falls below $315
- Bitcoin Bears Say Told You So As Digital Currency Falls (Bloomberg. December 15, 2014)
www.bloomberg.com
- Bitcoin...
FDX is another one of our preferred trending stocks and has been discussed in our private forum a few times.
Price broke out of the regression trend channel almost 2 weeks ago and continued to trend upward. Yesterday price closed above the resistance level and this has now been placed onto our bullish watchlist.
Wewill wait for a chart pattern to set up any long...
