GLD is still working in a price channel and a trend to the BULLISH side. Bouncing off the bottom support while consolidating. Positive S&P or DOW moves tend to see down days or sideways selling. Any bad news may see upticks within the Fib or BB ranges UP! Watch for Thursday's with Futures closings, Friday Option expiration's and "Witching" days, these are also...
The recent changes in Silver and it's new support levels. We'll see simple support & resistance at the indicated arrows. Breakouts or Pullbacks will be based on Market Strength and Vaccine News! Gold may lead changes followed by Silver and Miner stocks. Upside breakout will by at marked support prices. See daily trends for the projections for dates/options...
Nice confirmations 1hr & Daily trends on SLV for Support/Resistance levels. Renko trends show $150 by EOY BUY the pull backs, average in on holdings thru 2021
These pullbacks are forming a nice trend to add to GLD positions at discounts. Renko Trends show clear strength toward $300 by EOY. Similar trends in SLV SILVER BUY
Just look at this setup... 2W RENKO shows it clear as day... bullish break through SAR points, should be approaching next Fib level or two... so 170s or 230s! Let’s see how fast we get there!
This simple Renko chart on NQ100 is used to gauge next day sentiment prior to major announcements. I view it around 11 p.m., and if the Renko Bar changes color, that's a pretty good indication on how the market will open. Of course, this chart should be used in connection with other bias indicators to confirm direction. Simple is sometimes best!
The five minute Renko is clear this is a consolidation/accumulation move in Price. Renko Brinks are moved in price ONLY!
Are you looking at Price changes? Moves over time? What is it you want to see...? Stuck with Candles looking for patterns? Renko Blocks Henken-Ashi Kagi
A recovery for BYND ? With the break, today of this level we can maybe go back to the green line which is an interesting level. But why "neutral" on this level ? Regarding the context and the company fundamentals, I'm not confident on this.
Enter today place SL at two candles above
This type of pattern appears on the troughs, it is a bullish reversal pattern. The break in the resistance line definitively validates the pattern. The price objective is determined by the highest point at which the descending broadening wedge was formed. NB: often, the steeper the descending broadening wedge’s trend lines, the faster the price objective is...