details on chart, ad needs to stay above key fib levels.
stealth ascending triangle
monitoring for bearish continuation
currently shoring gold on pops after multiple attempts to breakout above $1265. In addition the AD is setting up a potential Right shoulder to the bearish Head & Shoulders pattern. Their are also many other bearish patterns on the weekly chart. Disclosure not trade advise or recommendation
details on chart
Will remove stop if gold can get back to 3rd level. details on chart
Gold holding strong needs to close above $1265 still to confirm 4hr inverse head and shoulders. This move looks very similar to oil move on last week C wave. There was a shake out back to $48.00 level, before oil moved up to $51.00 plus. I'm curious if other traders also have this level as C-wave as well. Feed back much appreciated
monitoring 2hr for continuation . Not trading advice or recommendation
I'm long XOP w/ prices over $37. The 18 moving avg (black) needs to cross over the 200 moving avg (blue) to confirm 1hr inverse head and shoulders. Xop has been in a steady downtrend even though oil over $7 in recent weeks
looking for daily 2% scalp and continuation of this bearish pattern
This chart is link to my 4hr inverse head and shoulders chart. Bulls need to re-capture the $1259.00 level also (spike level for moving avgs to cross over). $1265 confirms 4hr Inverse Head and Shoulders pattern. I had originally made this chart private, but decided to repost to make it public.
potential 4hr inverse head and shoulders pattern w/ breakthrough of $1265 details on chart
If no bearish cross occurs 18/200 bearish cross already occurred on the Daily, monitoring for continuation to see if weekly 200 level holds
Interesting that that a 3 drives pattern formed inside the 3 triangles. I'll have to remember & look for this next time. I have the Daily resistances of $50.93 and the .618 fib at $50.34 if moving avg continue to move up there is a possibility of oil hitting $53-$52.00 Monday-Tues opening, the market is trading as if its pricing in Opec Cut. I only have 1/4...
details on chart
will monitor for continuation details on chart
I would like to see a retrace to C wave and look for it to hold and get a bounce, if trendline is broken at C wave will consider shorting. Similar triangle patterns on weekly chart which also broken down before oil fell over the past few weeks.