I see a little 3 percent up to form a double top . Pull Back to take the effect of the rising wedge.
After that we are out of the compression.
New cycle can begin slowly.
Happy trading.
Try to catch at purple lines .
Try to sell at yellow or green lines
ltc
ltc coin will undergo a correction to the pivot point
attentive for an advance purchase
respecting the bullish channel and drawing an AB-CD pattern
FED announced balance trimming.
The technicals perfectly match that decision (always a matter of disputes between tech analysts and macro analysts).
We got large correction before and broke below it.
Now the price made a perfect pullback to the broken line shaping my favorite Bear Flag pattern.
Watch to sell on breakdown.
Analysis of important data ametrics for 13 December fed rate hike based on fedwatch - fed funds futures - > www.cmegroup.com
COTs data used: non commercial long and short data as % of open interest ...
End of Week Summary:
1. On the week we saw risk outperform safe havens for the first time since the brexit vote and the SPX and DJ30 set new all time highs by 2% and 1.2% respectively - somewhat encouraging given this was the longest period post-crisis that equity indexes have had since new highs, with a total time of apprx 1 year.
2. Given the articles...
Price kept coming down inside this down trending channel for the last two years.
1,618 area gave two long entries, first being the most successful so far and second being the most safe and low risk due to double bottom and bullish divergence at the end of March.
Major obstacle now, after broke the upper channel line, is the last known overhead supply, that is...
Been following this chart for a while, as a possible healthy/sick performance indicator for stocks.
The SPY/TNX ratio is diverging for the last two years now, and If I read correctly this chart, it's not stocks healthy for sure. Of course can be diverging for ages or even centuries in this economic recovery miracle we all live in, until already built in energy...
