Don't get excited yet, but $pmet.v $pmt.ax is a dead-ringer candidate for a probable Livermore {accumulation cylinder}. Even the volume profile is a dead-ringer. Thinking of taking a starter here, or at the bottom of the cylinder, with a stop just below.
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#Gold, on the daily, is flagging now, as expected. The breakout has significance, as it would cross weekly EMA30, and cup and handle neckline. The measured-move is $2000.
Next weeks possible Fibonacci 38.2% retrace is aligned with precious metals options expiry, and now we have a possible head and shoulders playing out. 38.2% is a very common pullback for #gold in bullish advance, and it also aligns with the head and shoulders measured-move.
$teck really squeezed here. Ascending triangle is normally bullish. Price above MA10. #copper
#gold daily: Although boring, I think a bull flag above weekly EMA30 would be great power build to reset RSI to push past this reverse cup and handle threshold. The measured-move would move price above $2000, and that would again be another good spot for a consolidation.
Textbook ascending broadening wedge for the $gsr (#gold to #silver ratio) has a measured-move of 48.6, meaning 48 ounces of silver to buy one ounce of gold. At TODAYS gold price, it implies $36/oz silver. But it will be more, because gold price will be more.
#Gold has now bull flagged on the 15min chart and broke out after breaking past weekly 30 EMA, if the weekly candle holds. That's a possible early {stage 2} breakout continuation. The flagpole measured-move is close to $2500.
I think ascending triangle with thin zone above sets up a quick move to $4
$tsla, (and the battery cars sector), about to go terminal. Have a close eye on lithium stocks here. $lit showing a bit more life, but is obviously correlated to Tesla, bigtime. This week, was rejected by weekly 30EMA, indicating a new leg of downside is probable.
$tsla, (and the battery cars sector), about to go terminal. Have a close eye on lithium stocks here. $lit showing a bit more life, but is obviously correlated to Tesla, bigtime. This week, was rejected by weekly 30EMA, indicating a new leg of downside is probable.
Haven't done a silver monthly chart in a while here. Price has good support.
ma10 was too much for #dxy, and one could say this could be the beginnings of a {stage 4} decline from the parabolic top. 30 week EMA coming in at about 107. Historically, it has been "no turning back" once crossed. #gold
Looks ready for another leg up, close to trend line and above daily MA10
Looking at the weekly volume, I would say early investors are selling a lot of shares to rotate into names that haven't moved yet.
#tinbaron jr, $cusn.v, at the gates here it seems.
what a great short set-up to $40 if final support is broken.
is this the leader for the bitcoins sector? sector leader