the gold to platinum monthly ratio faded out before heading to the top of this bearish rising channel. Ready to dump! (bullish platinum).
to me, this looks very bearish. Rising bearish wedge rejection with a spinning top bear candle to close the day. If you go back to 2018, you can draw a pivot line, or important level that also played a part in the rejection.
You dont need brain to buy teck here You dont need brain to buy teck here You dont need brain to buy teck here
Based on historical action, I like 28k, 19k, with 15-12k being the floor.
Gold well above 30 week EMA, and very close to breakout line. RSI similar to May 2019, which was around the huge formation breakout.
My postion size is so big here, that I could by 10 normal sized positions. That's how good the risk/reward is on this 6M oz silver producer that's priced like an exploration company.
Spinning top daily candle. That's a reversal candle. #btc #bitcoin $btc
around $1000 seems like a reasonable price target for a retrace
Maybe a longer bull flag is needed, if I take a look at the all time 6 month log chart.
possible fakeout before breakout possible fakeout before breakout possible fakeout before breakout
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wanted to point out that $TSLA corrected for almost a year, down as much as 40%, before the breakout last week. Showing target price.
momentum structures give insight in parabolic moves. Here we see todays move put us at just only the first major level. Daily momentum broke out from the long downtrend on Oct 25. My point is that this new move could just be getting started, if no rejection happens.
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaand it's gone.
A move up means the crypto sector is likely failing.
bowl looks good, possible near breakouts shown. Fib extension aligning.
pure excitement can only mean a top is in. Celebrities are excited, grooming more sheep to hand their bags to.
You can draw a bowl on anything. Earlier this month I played with this idea of #copper because it had 4 touch points and bull flag. #gold currently looks similar now, with the top of the bowl also being a neckline for a level head and shoulders.