SkyTrees

SkyTrees Updated 

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...

SkyTrees Updated 

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...

SkyTrees Updated 

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.

SkyTrees

I've laid out the most recent trending structures and resistances.

SkyTrees

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...

SkyTrees Updated 

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.

SkyTrees Updated 

I've highlighted the all of the positive RSI divergences using the yellow diagonal line, and used the price range to analyse the percentage of the move following the divergence. As you can see we're yet in another positive RSI divergence accummulation which has been doing so since Mar 21' and has taken off like a rocket ship. I'm already in this trade, up 73%...

SkyTrees Updated 

As you can see, the highs of the 00s and the top of 21' have manifester a negative RSI divergence. We could be near something big, this is only one of many.

SkyTrees Updated 

I don't want to spoil the fun, but I would be very cautious around silver. As we know very well, Silver enjoys laying out traps and this might well just be one of them. Bearish flag within a bearish flag and some real negative divergence on the hourly chart. As most, I'm too long for the future, but short term there's still some turbulence ahead before the...

SkyTrees Updated 

All of the blue cups are the same size and as you can see, they have been very accurate in attempting to capture the potential movement of the VIX in relation to the markets. We're seeing the markets making up some of the lost ground from yesterdays sell as expected, but if the bowl is to be respected as we have seen so 9 times in a row (last 6 being very...

SkyTrees

I've been looking at the moves that the natural gas has made since making a huge correction from last years highs when it has stepped below the boiler bands in the 4hr chart and the moves that followed thereafter. It has once again left the BB, more so than any of the other highlighted times. I have also included all of the moves into a single block just so you...

SkyTrees Updated 

This has lined up perfectly, as beautiful as clock work. We've seen this very similar set up back in early January of 2018 which was the spark that caused the highs of March 2020. I've posted a trail of posts leading to this point & I finally believe that we have found bottom and will see up from here. This is in a falling triangle which began building from...

SkyTrees Updated 

No description provided. Monthly RSI been in hibernation and is ready to hunt. Think we're in for a crazy couple of years and I'm sure the markets will react.

SkyTrees Updated 

As we know, NATGAS is a beast with it's own mind and often technicals fail to support it's move, but here's one anyway! As you can see there's a descending flag that has been accumulating and I've used a fib extension to determine it's next target. It's severely oversold on the hourly and the 4hr charts, due to I'm sure the profit ejections from the previous...

SkyTrees Updated 

Nice set up here for GME here which I believe will result in a FOMO

SkyTrees

Looking at technical alone here, suggest that Gazprom has plenty of room to go up with the daily and the weekly RSI severely oversold. On top of that we can see quite clear positive bullish divergence and looks to be set up to break out of the descending bullish flag. Watch out for the resistance around the 370 mark - a break and a retest is ideal and you could...

SkyTrees Updated 

Hey, as you can see the pair as broken out of the descending flag which has recently broke down out of a rising wedge which has been accumulating for a good while now. Short term potential bullish and bearish targets are shown by the paths of the red and green lines. If it breaks down out of the descending flag, we can expect this to lose a lot of ground.

SkyTrees Updated 

Natural gas has made a lovely set up here, with a breakout from the ascending triangle and is resting on the support level within a descending flag. The weather in the US isn't getting any milder and inflation worries can really set this one up for a huge run. Great R/R Ratio here. Breaking out from the top support is vital here, and if it does, prices might...