slight divergence in the 1 hr RSI could see a quick dip to 1.85 area as a wave 4. Buy it price should move quickly into wave 5 and could become extended. if the price drops below 1.85 buy the area around 1.60 again a big move would follow there as well. RSI has stayed above 40 since the beginning of this year and should remain that way. so watch for those bounces
Consider a company with a revolutionary tech that has been noticed by at least two of the largest manufactures in the automotive and aerospace industries that also are seemingly impervious to market flux. A company that not only also spans its products into retail contracting but into the medical rehabilitation field as well. And now is expanding into Asia. Are we...
this level is delicious and if it does touch cotton i hope to retire earlier than expected
RSI is curling at 40 on the weekly. this area could be support
elliot wave for the first grand cycle targets @ 54$ within 10 years possible 100+ in 20
this chart is a hard one to read the explanation as to why certain levels have yet to be tapped would be that those waves simply never completed and are therefore still active. meaning the overall trend itself remains bullish until what seems to be the top of an upward moving channel would be formed to finish what looks to be a 3rd wave that we are currently...
EW points to multi year rise in nat gas with a strong pullback @ early 2022 high should be in around mid winter 2020
Aside from the much needed bounce sometime soon we see major support at the apex of wave 1 as well as overall bullish sentiment in the commodity that seems to have had its head chopped off in a matter of days, leaving people reading headlines like "what happened to oil?" well exactly... What happened to oil is that it made a quick retracement to reorganize a final...
GBTC today touched .886 retracement level. While BTC hangs onto .786 I expect two scenarios at this level. a complete return to bullish sentiment or a slight bounce to the top of BTC descending wedge then capitulation to 2500. giving BTC a .886 retracement. Regardless BTC between 3500-2500 is a BUY
then perhaps another dip to find divergence
Bottom channel support. replicating last support touch. 250 target
global markets having been slowing down recently. And in many cases reversing. This could signal a slow down in economic growth that would resonate in the billfold. If this is the case then could be that those delicious cream filled golden baguettes could find their way into more cupboards next to the ramen? In economic strife people seek quantity over quality,...
there seems to be some level of support in the 4.50 range . RSI looks to be lending some bullish strength. Taking a position here
Modine is almost a buy a never go long without confirmation and although there are multiple indicators positioning for an upward move this does till have potential to fall to the 9's. i will do 2 things from here, wait until earnings and until there is a breakout of the wedge.