right-angled descending broadening wedge, with huge price targets to the down and up, 330 pips down 660 pips up.
here are some stats on right-angled descending broadening wedge from centralcharts.com:
- In 57% of cases, there is a bullish exit
- In 90% of cases, the minimum objective of the pattern is achieved by using the technique of the maximum height of the...
meme stock, 18.88% of shares shorted. looks like its in a descending wedge pattern with the volume of the stock being traded decreasing adding evidence that it is in that pattern, but its a meme stock so who knows what direction it will take, today or tomorrow the pattern should break.
natural gas had been building a nice base for the last few days and the larger trend is up and its a nice trend i think it has one more push left in it and there is a clear stop loss bellow so good risk to reward.
Historic over sold on weekly only one time it did not increase 3-7% after it hit these levels of over sold. It broke a 3 touch point decending resistance. On the gbphuf and usdhuf it made a higher high. And huf have 5% inflation with historically having very bad inflation problems.
i hate dumb money being in profit. time to take it from them. inverse Adam and eve signals trend reversal. AMC literally warred people about investing in them at these prices and AMC are selling there shares. and people are too impatient and retarded to wait long enough for a short squeeze.
if the pattern fails then i will change my mind.
hoping the dxy is reversing(not conformed) and the BXY looks weak. i found pairs mirror the way they go up is the way they go down and GU went up fast to the current point, so i think it could go down fast and 2 weeks is the usual frame for a larger decline in GU. we will see. maybe waiting for a better entry would be a good idea.
on monthly, bullish divergence, the retesting and retesting of a descending resistance with many fake out breakouts. the more a resistance is tested the more likely it is to break.
some fundamental analysis:
it has a miniscule inflation rate right now at 0.84% in 2021. but on average it is 21.46% this is due to 370% inflation rate around...
i been training 2 years and still got so much to learn i am curranty down 20% from what i had start of year. full disclosure
. bearing divergence on rsi confluence from the mac d expecting reversal soon, this might even be the top. bullish divergence on the dxy.
hoping a beautiful 3 rising valleys will form, its still not touched the top resistance, why will the price not stay irrational a little more, personally am greedy on this and i recon big money is as well. the bxy and jxy both seem to allow this to happen. still technically in a uptrend, don't trade against the trend.
A diamond pattern is used for detecting reversals. Once rightly identified, it is one of the most profitable patterns for using reversals for trading strategy.
not a clean Dimond by any means but we will see if fundamentals and TA will prevail or if stupidly bullish sentiment continues.
when the dumb money enters the smart money sells.
trade like a robot not a retard.
GBPUSD bearish divergence building, price swings getting smaller and smaller, macro uptrend line looking like it wants to break. multiple strong resistances below it that could hold it in the uptrend long term.
DXY short term is uncertain not bullish. medium term i think the upside is not over. maybe continued ranging in its current area.
BXY short short term is...