Still short on Boeing but I can see a tiny bounce for the small time frame on leverage. This is not trading advice
Seems like we got the Macd on 4 hr starting to roll. BTC broke $8600 and LTC should expect a small move down I feel. This is not trading advice.
I can see oil dropping to $56.50 and ultimately much lower if momentum continues.
Phivida is a major CBD Canadian energy drink manufacture, who is clearly high in debt but has a great product, sales and decent market share. Fundamentally I have no idea if they can survive long term, but it does seem that they have come off all time lows and are now rising. Interesting, is the fact that the US ticker PHVAF does tend to be more volatile than...
We officially hit resistance with Gold and Silver both, go figure. Silver often follows the pace of Gold. The price targets have been determined on common support and resistance but also with the consideration of the Volume Profile Visible Range specifically. This is not trading advice.
Looking like we hit resistance here and have been pulling back for sometime. The last run was a bit hot as you can see from the weekly candle wick a few weeks ago. Pulling back to support around the 21 ema makes sense to me here. We are still bullish on the ichimoku weekly and I still anticipate higher prices to come after the pullback.
Looking like we might make a drop down to $6400. Sorry if the chart is a bit messy, simple H&S pattern to focus on here basically.
Is it possible that we might see that gap down at 255 filled? Assuming that we go lower, we will probably bounce around the 360 level and that could be a small play too. This is pure speculation and not trading advice, trade at your own risk.
Small gap on the daily chart 305-306, is it big enough for the market to fill? I think there is a good chance this might play out.
I know that Boeing has a huge gap to fill at $400-418. However, the chart has a pretty big head and shoulders pattern setting up. This is a long shot but I thought I would post it.
I would like to see this rally continue, the descending triangle has clearly broke and I am treating this as a bull flag as well. Using the pole to extrapolate the measured move. I feel $1700 would be the next bullish target in the mid term
I can easily see oil hitting $70 a barrel here soon. The real question is will we get past $70 and see $100. I think that if we don't break up out of the decending triangle past $70-71 there is a good chance we will break to the down side and see $30 oil and maybe lower. This is not trading advice but rather speculation and personal observation.
Looks like oil could move up a bit more to the 56.8 area and then up to $60.30. In the longer term I think the descending triangle could easily drop, remember this is not trading advice.
I think silver had way too fast of a run up here this last few months. I think that this descending triangle could play out, RSI could drop and we might end up chasing long term support around the 200ma. I think silver could head back to $16.30 for a Golden Retrace, and then $14.30 ultimately. This is not trading advice and highly speculative analysis by a non-pro.
I think silver had way too fast of a run up here this last few months. I think that this descending triangle could play out, RSI could drop and we might end up chasing long term support around the 200ma. I think silver could head back to $16.30 for a Golden Retrace, and then $14.30 ultimately.
Bitcoin is looking very BULLISH at the moment. A .786 fib retrace of could put us at $12800 and I think we still got room on the rsi to get up there. This is not trading advice, merely ammature speculation.
Is it possible that we have topped out on the DOW and that a we will see a retracement soon back to $25,400 or so? Assuming we do make a drop, I have posed a possible scenario in which a head and shoulders would then form and take us back down to $22,200
Silver has just broke out of my double descending triangles that I posted a few weeks back. Lets take a look at a some possible Fibonacci retracements that could happen if things continue. Alasdair Macleod has noted that a whale is purchasing silver futures almost regardless of price, his fundamental research is worth a look.