Hello all, I've linked my previous VIX set up which paid extremely well and plotted out as expected. Similar set up here and I've become very confident in my magic bowl as a precursor. The charting speaks for itself. All we have to do is sit and wait.
As you can see Crude is currently positioned on a 4/5 year support level which was first tested in May 2018. As well as that it has reached the breakout point of the descending triangle and has perfectly placed itself on the 0.786 fib retracement level. All of these indicate a bullish reversal in my opinion, however I wouldn't be surprised to see a bounce before...
Natural Gas has been hammered over the last couple of weeks and It's about time it took a turn to fill in the gaps; beginning with the most recent one yet to be filled. Strong positive RSI divergence on the daily, alongside oversold hourly, weekly and monthly RSI. It's still freezing cold with many winter storms across the USA so I can't see Natural Gas being...
As you can see from the images below, all of the bowls are the same size with similar action from the support lines. This time out the VIX has broken out of the fallen wedge and looks to have confirmed it by touching down. These have been quite accurate so far and I believe that we'll reach 34 by next friday. Sounds quite silly, but the bowls are all of the...
Pretty self explanatory. With the recent bearish wave in Oil and many other commodities, Oil has recovered it's bullish wedge and has began forming what looks like a H&S pattern. Severely oversold and battered on the 4hr, daily and weekly, Oil might just be making a come back. News aren't bullish at all and most traders are in short positions, this for me...
As you can see Crude Oil as completed it's impulsive correction and has began heading towards breaking out of the patterns drawn which have been accumulating since June. It has also found itself above a resistance level from Oct 21' which looks to be holding like support. It's also just below it's daily 100 EMA which if tackled would help this case. Ultimately...
A cup and handle formation has emerged in a great fashion. The target of 13.600 was chosen as the distance between the top of the cup to the bottom. Feel quite crazy setting a target of 13.600 for $NATGAS, but I'm also advising what the chart is telling me based on technicals. But considering the current climate, from inflation, poor energy plans, Russia etc it...
Silver is yet to confirm it's breakout from the 6 year bullish wedge accumulation after breaking out in 2020. Since then we've seen consolidation in the range between 20 - 30. Short term target of 36 after confirmation using the fib extension, but this, as we all know has the potential to go miles above that. A classic double bottom to wrap it all up I'm sure...
Hi all! This chart is pretty self explanatory and tells a lot of potential stories. As we all know, NATGAS is a beast of it's own and often technicals are embarrassed by NATGAS movements. But considering inflation, whispers of war, absurd weather, perhaps this isn't as crazy as it sounds. Anyhow, I really wanted to put this out there as a lot of technical...
Hi guys, my previous natural gas long position has hit, this is a follow up as I believe that this will continue battling up after regaining it's position within the descending triangle. Weather isn't looking any better for majority of the US and storage levels are lower than usual for this time of year. Best of luck!
Simple projection. Gold & Platinum with V similar set ups.
Similar to the Silver post as precious metals are all in a v similar set up.
Pretty self explanatory, TP spot has been identified as the distance from the top of the head of the pattern to the base. Inflation worries might be causing concern that the governments will be increasing interest rates to tackle which would obviously mean that the markets would react negatively. Would only buy on the break of the base with a retest that...
Counting waves here, it looks to have completed the 4th wave with an ABC correction and has now found the bottom of the white flag with a positive RSI divergence on both the 4hr and 1hr time frames. My target is measured by the 1. fib trend line extension as well as the vague upper red trend line. It has left the red flag which is some concern after it had been...
Natural has been on a decline ever since their recent high of 5.3. Price is heavily oversold here. We can see that the trend has recently left the falling flag and most recently breaking out of the descending triangle, recording a positive RSI divergence there too. Currently on a important resistance level and my first target is the resistance up in a area around 4.5.
I've laid out the most recent trending structures and resistances.
As clearly highlighted on the chart, you can see some clear negative RSI divergence. There's further 4 top negative RSI divergence on the weekly, as shown in the link to related idea. I've still got my short term position opened, even with the new high and aiming for the 76 and then 66 areas. I can imagine the Russia/Ukraine situation brightening sooner or...
On the weekly RSI you can see clearly the negative RSI divergence which took place 4 times on the trott. Each time it followed a relativelly controller correction. This IMO has a huge change of occuring again and hence the short position. I've noted some of the important long term trendlines and resistances which support my case.