• Recent Impulse move with EW rules still in tact
• Huge rally on Friday 3rd June, right at the 61.8%
• CoT recently favorable
• Still in Multi-year down trend
• Divergence w/ Failed breakout, now in favour of primary trend
• CoT currently favorable
161% ext reached & vulnerability shown 4/21 displays that a Wave 5 top is possibly in, in which the Crab has a chance. Looking for a retest/fail in what has been a resilient market of late. Ample downside favorable beginning next week IMO.
Full Moon on 4/22 - I can already hear the werewolves.
I'm not one for conspiracy theories but I do always keep an open mind. If one doesn't, you become no different to the next person. Knowledge is power and that's all that matters. The general public will never know 'the plan'.
Have spent hours analyzing this one. Like if you like.
Hope you enjoy my chart.
Here we have MDVN (93% owned by institutions, 162m float). Most recently, this stock has run 35% in 2 weeks on a buyout rumor.
Green boxes which I have drawn depict 'gaps' (difference between the closing price of one period and the opening price of the next period). These prices are controlled by Market Makers. ...
The strong thrust in Oil has caught many traders off guard, that's the reality. Shorts have been punished in this rally. With that said, the close on Friday 18th however may show a possible reversal is about to take place. You'll see that price hit, pulled back and closed under a 2014 trendline. If the Bearish ...
I'd like to see some follow through here with more bulls coming in after the first pullback. The major hurdle will be the 1950 region (if we even get there). Long term trendlines are strong and price can zip in an out retesting levels. You may not be looking at the trendline I've marked in but other traders ...
You've got a lot more to prove longer term as you face a resistance storm ahead, you do realise? Yes, your trend breakout is in direct correlation with negative sentiment in the main indexes so don't get too excited yet. The big money is just using you as a hedge right now.
Oh btw - Here's a study conducted by ...