DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
SPDR S&P 500, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, 12 RETECH CORPORATION, GENERAL ELECTRIC COMPANY COMMON STOCK, INVESCO QQQ TRUST, SERIES 1, ISHARES MSCI EMERGING INDEX FUND
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
NATGASUSD might be near completion of the Butterfly Advanced Formation
The chart above is self-explanatory.
Below is also my view on how it might reflect on UGAZ.
This is just a (crazy?) idea as a result of (over-?)analyzing the Gold chart in light of the last two days developments.
After I came up with the idea I started searching and was able to easily find on the web a couple of similar looking (though not Gold related) continuation symmetrical triangle patterns with the happy-ending bullish moves upon breakouts. Can ...
At the first glance Oil appears to be on the rise, no explosiveness, but seemingly a slow'n'steady upward moves. However, the companies/ETFs in the industry don't seem to share the excitement. The few on my watch list are all in red today: ERX, XLE, SDRL, NADL, TGL and even the respectable XOM (some also ended red on Friday).
Anyone else thinks it's an ...
This pattern seems to appear over and over again on hourly/minutes timeframes when Gold is in a short-term downtrend. The last two weeks captured here is just another example. Will the history repeat itself in the next 24-36 hours taking Gold down to the $1,300-ish area?
I suggest the chart is self-explanatory. If the pattern turns out to be a cup indeed, there should be a pull back to form some shape of a handle (often times as a falling flag/triangle), then the price would sharply break out the resistance of the recent high at the cup’s edge level and would head Northbound (or more precisely – North-East).
Obviously, the exact ...
Not sure whether there is a single person on this website who even ever heard about this Canadian oil company but I just find it interesting that a diamond formation seems to be in progress on its daily chart. The pattern resulted from TGL's recent fail to penetrate what seems to be the oldest support-turned-into-resistance trendline. But given the indicators ...
There seems to be a prevailing view (hope/wishful thinking?) here that after the FOMC Gold will penetrate the multi-year bearish trend-line and will hit the next resistance target around $1,433 (the three year-old, Aug 28, 2013 peak, to be precise).
But what if the majority is wrong, which, obviously, is the contrarians' bread and butter.
Is anyone interested in ...
The NASDAQ:YHOO chart is self-explanatory. The entry price $44.39, though above the resistance line originating at all time high, is still below the short-term channel's top which started developing itself after what is believed to be an exhausting gap appeared on Aug 11. The SL @ $45.44 placed well above the all time high, should still provide an ...
This is purely my speculative vision of the action through Sep 21. The red channel and the black zigzag represent the anticipated action over the next few days.
Similar to the pre-Sep 1 unemployment data release, the Gold might be first bottoming a day before (i.e. on Mon), bouncing off and finishing Tue somewhat green. Shortly after 2:00 pm on Wed ...