I made this weekly chart of the GOLD / SP500 ratio.
I often need to argue with people that pretends that the equities bull market is at the edge of a crash. And now for years...
Just have a look at Google "most hated bull market", headlines are countless and even since 2011! Lot of noise, lot of bodies in the graveyard.
So I often tell them to just stick to what...
We see price doing lower lows and stays afloat on a bottom while weekly RSI (30 periods) is grinding higher lows. Bullish divergence is brewing.
Coupled with a false breakout, we might see a medium-term rock bottom.
The false breakout is giving a nice 3 bars pattern "kangoroo tail" discovered by Alexander Elder which uses also MACD or RSI divergence to select...
A clean setup is the best to see where we stand.
As you can see, a dotted trenline (blue) + a cup and handle pattern (purple) drive us to a ceiling around 1900CNY.
A breakout at that level could be a confirmation of a new bullish trend.
For once, I come with a review on a trade I didn't published but somehow I kept the original chart link.
The goal is to show you, how with very few indicator and high level chart we can set a great profitable trade.
Early April (the 2nd) I've been long on the stock with this simple chart drawed. Needless to say, it...
WW Pattern is a very reliable chart pattern, many of my previous ideas are based on it
The falling wedge is a bullish pattern that in case of breakout would lead to target along 1-4 line. More details: thepatternsite.com
3 and 4 are not very well defined, that's why I made 3' and 4' scenario.
$LC received an analyst upgrade the 20th...
Long Setup on IMNP.
Recently large players showed interest in the stock and are currently buying in stealth mode and should predict an upward breakout. (Property Method)
A daily close over $2.15 level should initiate a breakout. Confirmed over 2.23.
Activision Blizzard on 6th May had both
- Earning surprise : 0.03 0.13 +333% (!)
- Sales surprise: 656.71 703.00 +7.05%
All good to break previous ATH.
We had a sane pullback the following session at 24.18 level and then the weekly close finished over 25.
Def. a stock to watch for and fundamentally, because they released a year old Free2Play game called...
Only A-B is draw with "Disjoint Angle Tool" and it gives that perfect 6 months long symetrical triangle.
Some notable key levels have been added by the blue lines and the red/green area.
Let see how things will unfold.
Out of interest I made this chart for further purpose.
left hand: XAGUSD 5y chart (Silver)
right hand: XAUUSD 5y chart (Gold)
Silver has a nice rendezvous in June 2015 - interesting to watch for.
As gold is the driver, it could be a non-event tho'. Indeed XAUUSD has not this kind of convergences on the chart.
When only looking at multiple ribbon daily EMAs. Bitcoin is entering in a significant and historical zone: the green lime one...
It's just food for thought and plain fact.
PS: for more details about the dynamic my wedge scenario posted 2 months ago is still in play and is ridiculously efficient, have a look too:
I've been looking to this chart for a long time now, and we may find a good risk/reward short entry on that currency.
On the right
SEK is now very close to bounce at least on monthly support.
On the left
Between EUR/SEK and USD/SEK, I prefer USD/SEK where we can find a good short entry in the following days.
Very interesting setup on the Brazilian real.
- On the Weekly chart, we can see the room for improvement we have. Both on price and RSI.
- On the Daily chart we can see the very nice Adam & Eve Bottom and how price achieved to do a higher low.
Watch about the daily closes and RSI (daily) that need to break 54 for a significant push / reversal ?