Past support becomes resistance and now becomes support again around the 12.00 level more or less this is not about being right in millimeters an all The point is that now the price broke a resistance level and looks strong but is good to wait for a pullback for entry at a more better price around 12.00 or 12.20 or whatever you want Wait for a pullback for all my...
Resuming a trend and breaking a resistance line. But always wait for the pullback after the breakout when the red candles appear around 25.00 and 27.00 level Here again, similar patterns in different mining companies in the basic materials Industry. The same argument again based in price action and the breakout of resistance lines My intention is to share...
Not only gold futures are bullish, Coal and Palladium are bullish, and the majority of companies in the basic materials industry are making new highs and they are broken key resistance levels in this case 4.20 around was a resistance level who takes the price one year and two months and four attempts for broken it and finally the past week was broken, now is...
In this example I only have a tested support at a level of 9.20 without be too precise and is relevant because this level was tested during a period of one year and now the price is showing other direction and it's breaking a recognizable resistance level around 10.50 there are another key resistance level in the 12.40 more or less the more I wait for confirmed...
What resistance line is important here, for be a confirmed resistance breakout ? For me the horizontal line around the 3.70 level who takes one year and six months doing resistance to the advance of the price. But based in the good performance of other mining companies accompanied with a bullish gold futures; why to wait for more confirmation and in the process...
This is a continuation pattern, a triangle who takes one year and one month to take shape. Other important aspect here is the base line or support level who was tested three times around the 4.10 level. and defended himself very well, at the moment the price is trying to broke the resistance line. My argument is the same A bullish gold futures and a lot of...
This is a triangle in progress and this one has taken one year and four months to take shape. The support level around 7.20 has been relevant in the past (without be to precise) But now why I care is the resistance line in the triangle. This is not a confirmed resistance breakout yet but I shared the idea because other Companies in this same Industry/Sector are...
Be brief, do not doubt that the price is showing intentions towards the resistance level around 14.60 Technically this resistance line it has not been broken or is confuse, but the bullish gold futures support this idea give time
The topic is that I always have a long term view of the publish idea, but here I have another preposition, set a target, buy at 3.00 sell at 6.00 or buy at 3.00 and hold for a more ambitious target. The reason here is the breakout of a resistance line in the 3.00 level who takes one year and three attempts to beat and finally was beaten in 12/21/2017. Now I have a...
As usual this is the typical pattern I publish, a price breaking a resistance who takes one year with one month plus four attempts to beat the 9.50 level. One important aspect of the picture is that some weeks ago in the middle of November 2017 occurred a gap in the price, accompanied with a green long wick candles, then finally in 12/20/2017 the price breakout...
Short technical explanation: Horizontal resistance line breakout, the pullback is in progress, after the breakout the price established your new role like a bull above the 21.10 level. Back in time, the price tested this resistance line in three occasions, during a period of eleven months and finally the 12/04/2017 the price broke this resistance with...
Confirmed because the price broke the resistance line in the 10.50 level, did the pullback and then go up again. The new direction of the price is clear I do not need to argue. With a quick view of the whole chart I immediately recognize the direction For be a real double bottom I need that between the first floor and the second floor there are a lapse of about...
I always try no to draw too many lines because I work with the more basic concepts of support and resistance, trend lines breakout and price patterns . Now Here I have double bottom and a main bearish trend line breakout but the price now have acquired and erratic behavior and more recently the price did a deep pullback and here is the opportunity to entry after...
It can not be as straight as a line If I watch the pullback of this trend line breakout and the correction was to deep and have doubts because the price is now below the trend line but later now that the price again is above the trend line immediately my bias become bullish and I have more evidence to support my sentiment: I have a high volume bar, accompanied...
A picture is worth a thousand words.
Here is a situation that the literature say: that do not buy at resistance apart of that I do not use a mechanical system for determine the direction of the market or for picking stocks I use moving averages but I interpret they based in my discretion and now I can appreciate a trending price and if I watch back in the time in march 2016 and more recently in...
In my past ideas I shared chart patterns like double bottoms, triangles and trend line breakouts but this is very different. Generally I do not like to use sophisticated terminology in an a attempt to sound intelligent. And in this case of study the only thing iI need to say is that the price finally is surpassing the 12.00 level after more than four years of...
This is the kind of example that like me because immediately I recognize there is an opportunity here and I only draw a resistance line and this resistance line was broken. Now I only need to wait for a pullback or even buy now taking advantage of strong bullish sentiment in the Energy Sector and the whole Stock market in general due from Mr. Trump tax cuts The...