back testing 3 years of data, and other than one time, when RSI on 3hr chart tagged 30 or lower 3 times, Price came back to MA55(red line) in the following week, usually 2-5 days
Keep the landing gear up! Let's see if our ground radar is working properly *** My bad, top dotted line should read: MAJOR Resistance
read the box on the chart and see if you concur? I'd be interested to know whether people are moving more toward the bullish camp right now or not?
I feel like the drop has just gotten underway... blue line is the target. Note: this is Brazilian chart not VALE: NYSE
end of January target is $15.91; let's see if we can hit it. I'd like to see higher, but not likely in the short-term. I'm expecting not to break $16 this intermediate cycle; but very likely in the next one: come end of February to mid March, I think we then break resistance after a decent pull-back.
should find a push up into Feb - Mar 2019, than recede significantly. Let's see if it hits my target boxes.
Large bearish Descending Triangle in WTI. This means we could easily test bottom again, which ultimately could mean another gut punch for Alberta. Corb Lund and the 'Hurtin Albertans' indeed! If you read up on the descending triangle formation, it tells us it is a bearish pattern and most often a continuation pattern, however, it also can represent a reversal...
Oil Left translated on the last Daily Cycle but did not take out the previous cycle's low as expected. It also did not close above the 10 week MA after making a swing low last Friday. This leads me to believe we are seeing another Daily Cycle within this extended Intermediate Cycle, which should also left translate, and this time, move to a lower low, taking out...
Enjoy the blue skies for awhile, but don't book a ticket on the final fatal flight!
looks like a bearish rising wedge breakdown (or large bear flag). let's see how this plays out.
Will that shady IHS play out to our advantage? If so $1 XLM potential.
Possible Ascending Triangle here, let's see where it goes. Good luck.
Silver is going to go bullish this year but the question is when. We have seen a recent surge and bullish move off of $15.62 level 2nd week of December, but are we due for a correction now? Watch the 200MA on the Daily chart, if we move above this convincingly I think we go higher, however, I do expect a pullback before breaking the 200MA. Watch the Line of...