You might be wondering where that channel came from. Well I looked at 40 years of historical platinum prices and that's the channel that is formed. So not only is XPT sitting on the support it has established for 15 years making a bear flag, it it is breaking it's supply/demand channel that it took 40 years to establish.
Breaking this long term support and even...
Pound short with a close below 1.2.
This is a death giraffe (dead cat bounce type of formation).
GBP not only broke the support it had been making for over 40 years in 2016, it flatly rejected returning to this range.
Monthly bollinger bands are widening suggesting an era of volatility with all indications pointing that down is the likeliest direction.
Wyckoff Distribution on Expedia, probably the worst company for customer service on earth besides Comcast.
Low volume on the ups, large volume on selloffs.
H&S Shape with matching volume profile (low volume climbing, high volume dropping)
The chart looks good and I also hope this company ceases to exist so lets all hope I'm right!
Very large head and shoulders finishing out the right shoulder(s) now. Attempt to reclaim the yearly pivot zone (Pink) failed providing very bearish price action in chich the pivot was gapped below, and failed a retest. So far TWTR has also been rejected by it's maco supply & demand channel. the Head and shoulders price target is well below the next yearly support...
US stock market beast-mode looks like it's over for now. Massive Bollinger bands M-top. I liquidated my 401k to bonds on the 8th of October after a failed breakout of the trading range (upthrust). First target is the center 20MA (also coincidentally the bottom of the Trading range) somewhere around 23500. I expect this to give us support. How the market reacts to...
Parabolic advance with a broken hypodermic trendline, much like whats been seen in Bitcoin, Gold, and other assets that have been through bubble cycles. Weekly Bollinger band M top, like the monthly ones we see on the DJI/S&P. Short above $160, expect a visit far lower maybe down to $120 first, the 38% macro bull retracement for starters. Good luck!
Downtrend is being defeated as we speak. Clear accumulations across almost all alt coins. Squeeze Momentum has been heavily diverging for months on every downward drive, supply as been absorbed and markup is imminent. Should breakdown occur, expect an extended crypto recession.
This is a composite of large cap alt coins I got from some big cryptotwitter guy (sorry I forgot who). Major SMI Divergence, which indicated last major reversal off of bottom of channel. We arent quite at the channel but SMI is already formed it's second peak, and lower timescales show adam and eve double bottoms accross a bunch of the alt market. similarish...
3 Pushes in progress and yet to be confirmed. Lower relative lows with respect to bollinger bands, a cross below the 20 MA is used as entry. Should Bitcoin not make new highs soon, this is a valid argument for a trend reversal.
Note last wyckoff schematic where it broke (pink) macro wedge support, and the resulting correction. Scrolling back, you can see the uptrend to the prior high through August has a very similar trend to the recent trend to ATH