I have been long term Bearish on oil expecting a few rallys up on the way down. Here is my long term projection for oil, anticipating $25 a barrel. We landed on the 38% retracement here last year as a response to the decline down from 2009. I think that rally to the .38 was the last for bit.
Just a simple idea I have here for some fibonacci retracements. If I ever had an good hunch that chart would play out during a epidemic or crisis, I think this one will. We have broken critical trend supports recently. I would hope to see a bounce around $42-$43 and another around $30. Good luck trading, this is not financial advice.
Bitcoin is starting to move I can see us at 10k here soon
I was expecting silver to pull back and it did. I was hoping for a further pull back, but the TA says otherwise. Clearly we are testing into $18 where we may stall for just a moment, but longer term I believe that $20-21 silver is very doable. I have forcasted $40 for the next coming years, however, economic fundamentals may shift the longer term. This is not...
We have some short term bullish action going on with oil. The volume profile visible range has a big well up to 55. Overall, I still see us going down with macro economic conditions. This is not trading advice.
To me it would seem as if the the old bitcorn might go down to $8300 before bringing enough steem for a rally, assuming that it holds there. When we rally I have a short term target of $10300. This is not trading advice.
I'm far too bearish to make many plays these days. I can see that $600 is not a bad price for Tesla if the overall market structure continues to rise. If the macro declines, as I assume that it will, we will see Tesla stock price stifled as the supply chain fails for the production of the Chinese model Y. If the supply chain fails what happens the gigafactory progress?
Not sure what will happen here but I am not bullish on anything right now with this virus. The R0 contagiousness of this is a bit higher than the Chinese Government will admit. I know the Chinese government has the equivalent if a plunge protection team so my chart is highly speculative as many of mine are. This is certainly not trading advice.
We have the bollinger bands getting really tight on the 1 hr. I see good support around 16.90-$17.00 Ultimately I expect silver to be bullish longer term. This is not trading advice.
Looks like we are bouncing off long term support of an older trend line. I have done a Fibonacci overlay to estimate a return in to the $57 region. This is not trading advice.
If the global markets become effected by the disease you will see Tesla effected as well, it will not be immune. I imagine that if we get a rally in the markets today like I expect, that we will see Tesla testing the all time highs before ultimately retracing. The Fibonacci layout spans the entire chart. This is not financial advice.
We have a shooting star forming on the hourly. This could lead to small drop, w/RSI over extended on 4hr on down.
I can see the DOW going up to fill the gap and the Daily Doji candle would confirm this a likely possibility. After this plays out I expect to retrace back to 28,000 area, and beyond that eventually would be possible.
I feel that the Dow Jones is far over extended on value. Most of the stocks are running well beyond what earnings should allow. Now we have the Corona Virus effecting the globe much more than the news will admit. If China's economy was on the tipping point of collapse as some suspect, will this be enough to push them over the edge. If China begins to collapse in...
I am long term bullish but I see a nice test of the trend line which may act as resistance. Potentially a drop just below to grab a little liquidity and then a continuation move to the higher side back to $5.81. I am seeing the 4hr macd dropping and RSI within range to drop more. This is my first wheat chart, dont get too excited. This is not trading advice.
Ross has a top forming monthly. Macd crossing on weekly as well as rsi maybe topping. This is not trading advice.
Looking like the RSI got up there on the longer time frames, MACD rolling down on the 4hr. Blow off top formation? We have support and strong volume profile at around .1246- .1295 . Please do not confuse my ammature speculation with professional trading advice.
There seems to be a continuation of selling to the downside and we got some resistance coming at $53.63, as I see on my chart. RSI is low on the 4hr so we might hold or go up a tiny before this move down. This is not trading advice.