Some TA regardingf the price of Gold. A local double bottom of the price, doubling as part of a bigger, overal, more sustained, back test from the April 19 breakout. Also to test strong support at 1680 and the rising orange trend / breakout line. If it survives, it could trigger the beginning of a local bull run. If not, a fall down to 1500 could be in play.
Some basic TA on past VIX volatility. I feel I see big volatility after Jan 2022, which coincides with many stocks simultaneously finishing their 'Intent Arcs' around that time to the downside.
A generally disliked stock in the tin world, but with tin at ATH's, anything with 'Tin' in the title could be an short term trade. No position here. DYODD.
What US Chip manufacturer has a pedigree like INTEL? Can't help but feel it's a horse to bet on in the long race with the increasing Chip 'arms' race across the globe and the importance of domestic supply of important industry / tech / materials. One for the long term Pension pot maybe? DYODD!
Continuing to use my "Arcs of Intent" & Fib progression to guess at where the BTC price may rise to in next few weeks...
Can you TA something like this? I can't help but think maybe you can. There is little interference here. It's speculation / emotion at it's rawest, and if the Short bubble pops, huge uncontrolled moves can occur....
Thoughts on a 2021 pump, essentially overshooting it's top channel, maybe to re-test previous ATH.
This is just a thought exercise on where the SP500 may go this year in 2021.
Realised I hadn't updated this for a while after having worked on it some more so here you go. Interestingly came across a similar chart on FinTwit, so nice to know someone somewhere has drawn similar conclusions. I believe the FIB ratios are important here as BTC is riding an adoption wave, with each wave proving less and less volative, and becoming more and...
Abra is proving even stronger than people are hoping, and seems to be going strength to strength. Here is a possible forecast for next lift-off.
Some thoughts on Silver Junior Miners, as expressed through the SILJ ETF. Silver's long term forecast is impressive, but it's short term as an SOV / Industrial Commodity will be choppy, as it's picked up and dropped on whims. But remember, always DYODD!
A little more extrapolation on the short term direction of the DXY given the overall Macro picture.
Continuing on my exploration for signs of economic trouble ahead (or not?) I thought I'd take a look at the Unemployment rate figures, assuming they'd follow patterns like everything else. Well, they sure do seem to.... I've forgone my normally Fibonacci delving in the timing intervals and just used some basic extrapolation, as it's made all the harder by Trading...
A revision to V3, that sees this current 1-5 wave and subsequent ABC shortened by a fib ratio. Also, have added a fib channel to show the expected price of silver over the next few years. Now just need wait and see ;)
Just a few little extras on the chart to make the ideas clearer e.g. The Elliot Waves
Definitely some juice going into the wings of this one. Get ready for a March take-off, will see some real height on this one I think!
Just a small revision to highlight the dip / retest thanks to the H&S in the RSI. I failed to show that on the first version so a revision is in order!
Building on the work of my V2, which had correctly identified the 8 year cycle for Silver, there was something about the MACD bugging me about it and how it didn't line up. Went back to it and got to the bottom of it! And what a lovely find regarding the Elliot Wave corrective wave, in that the time proportion between the last correction period and this recent...