The price action today took us bellow the neckline of this large head and shoulder formation at 1850. A similar pattern was seen before the bear market in 2007-2008 and other major price reversals. The Head and Shoulders formation is a very reliable signal of a market reversal. I think we are now moving into a major market reversal and bear market that could last...
The price action today took us bellow the neckline of this large head and shoulder formation at 1850. A similar pattern was seen before the bear market in 2007-2008 and other major price reversals. The Head and Shoulders formation is a very reliable signal of a market reversal. I think we are now moving into a major market reversal and bear market that could last...
Major Consolidation has been taking place in the form of this triangle. Soon BTC will break out. Right now I am leaning about 50/50 each way. Given Bitcoins volatility when it does break out of consolidation the move could be huge.
Sherwin Williams might be setting up for a classic head and shoulders Price has already broken the $260 neckline. If it closes today (12/221/15) below the $260 it will likely be sign that the bears have won and this brief rally since October is finished. Look for support around previous support of $235-$230 area
BBBY has formed a classic head and shoulders reversal pattern. With poor guidance and an update on recent estimates this stock is likely going to continue going down for the next 3-9 months. Consumer spending seems to be shifting away from this store as more people are buying retail goods online. The so called "Santa Claus" rally is likely going to leave investors...
After a horrible 6 months or so for energy related stocks KMI finally cut their unsustainable dividend by %75 causing the stock to crash (www.fool.com) .While a short term bottom was found around $15 the chart is now making a nice bear flag. It looks to me like a dead cat bounce. With no real support insight and the energy sector continuing to be lack-luster I...
After the huge bull run in early November BTC steadily declined to a bottom around $300. Since hitting that bottom it has been back on a bull run. It recently broke out of the channel. Short term resistance should be found around $475 and then $500, but if BTC pushes up past those resistances there is not much stopping it from another huge leg up. If you do...
I predict the price will fall within the next few days down to the yellow target area (620-610) After a lot of buy pressure and a run from 560 to 660, this market looks like it is temporarily out of steam. Double top on the 660 which is a previous place resistance. MACD is still falling. RSI and Willy 21/13 MA is also falling. Additional with the 3-day weekend...
I know it is way to early to call this, but I could see something like this happening. I remember a large Cup and Handle forming after the rise in April 2013. It was a long period of consolidation followed by a quick drop and then an extreme bull run from ~110 to ~1000 (or ~ 2000 if your were trading on Gox). We may be in a similar period of consolidation right...
I know it is way to early to call this, but I could see something like this happening. I remember a large Cup and Handle forming after the rise in April 2013. It was a long period of consolidation followed by a quick drop and then an extreme bull run from ~110 to ~1000 (or ~ 2000 if your were trading on Gox). We may be in a similar period of consolidation right...
Fibonaicci circle corresponds with the rise and fall of this bubble. No prediction just thought it was interesting.
If we continue to go down the red lines will serve as resistance and potential targets. Price has also been bouncing off the 21 EMA, 32 EMA, 41 EMA.
On the weekly chart, the green line is the 50 EMA. This has acted as support in the past. However, if we do end up dropping below 400 we may finaly break it. If so the dotted red lines indicate areas of support. In my book we remain in a bear market until we break the solid red diagonal trend line
I wanted to publish a chart with these fib lines and pitchfork, that have been useful for determining support and resistance levels the past week or so. I don't really have a prediction right now, As the market seem to sideways for the most part.
We are bumping of an old trend line (Red) from December 5th. Once we break through it we can fall to ~600 easy. We may continue to fall after that but I at least expect a bounce ~600.
We are bumping of an old trendline (Red) from December 5th. Once we break through it we can fall to ~600 easy. We may continue to fall after that but I at least expect a bounce ~600.
We have been staying mostly within this pitchfork for some time. I can see the price either going down and retesting the 390 support, and going more sideways and staying bound between 530-580.