Gold has been defying the nay-sayers and has solid upward momentum. The gold bugs are gonna push to the 1370 neckline for sure. The real question is will price break through to kick off a multi year breakout. Personally I don't understand why gold is a store of value other than it's pretty and shiny, but I don't bother trying to rationalize. Prices are continuing higher.
Yes the FED is raising rates, but this looks like a BUY to me personally based on he following thoughts: - Falling wedge/Double bottom breakout on high volume - Initially sold off intraday after the FED announcement, retraced and overcame selloff prices - RSI down trend busted - Held above neckline for 1 hour Therefore I will give this a 51% chance of moving...
I know this is a fav setup amoung fin twitters this week, I too am watching this closely for a breakout
Looking like we are close to another upturn in $NFLX. Momentum looks good for a reversal
Rinse repeat time of $NVDA. Looking ready to rip in the next few days, earnings coming up
If we hold above the triangle at the hourly close I am a believer.
Looks like a tight and high type flag, which are known to be potent breakout plays. I will wait for the end of the day as it looks a little weak right now at midday.
Good momentum and solid price action says this is a buy imho. A houly close back into the longterm channel or a break in momentum would prompt me to terminate the trade.
just waiting for another chance to buy
The opening price of the year seems to be significant. My bet is for this triangle pattern to break to the upside. If so, we see new highs in the next few months.
This just looks really nice to me. That being said I don't know which way it will break or if it will be false and reverse or whatever. But it just looks really nice. I'm waiting for a decisive price and RSI break out of the TRIANGLE on a 1 hour closing basis. I won't even bother calculating trade size until this happens....but it will happen
Doesn't look like the end of the bull market any time soon. Classic cup with handle continuation pattern with a little flag above neckline. My bet is UP UP UP!!!
Looking to take a breather here after a nice recovery from the "correction"
Consolidation pattern breakout on the hourly with nice volume.
I think this is posied to gap up tomorrow Wednesday the 31st of January however any sort of strong move impulse bar breaking the short term downtrend line a screaming buy signal. With the information I have at this time, this looks like a big broadening wedge type dealy to me and we are going higher and higher amen.
Hoping to see some healthy consolidation here, been a long time coming, but i am not anticipating a tippy top. At this point i'm only a buyer.