I am not a fan of EW counts, however it seems that price is going to make the 5th up wave ^_^
Base on channel projection, somewhere around March 2017 - April 2018, topping could happen
Disclaimer: This is solely for educational purpose only, not an advice to solicit you to trade
stronger case of inverted head and shoulder now
target is back to 50.5 and beyond
*oil has gain popularity since it started falling hard from 85, there is always
a possibility that it could fail, always be open minded.
and i am still VeRY disturbed by the gap around 28-30
For now, it is buy the dip until it is ...
the economy is extremely gloomy, the latest job created is only 38k
bloods on the streets, nothing to buy?
Short 10yrs and 30yrs treasury bond
*this is not an advice for you to enter
i have some SL in mind
Jezuz christ, what a Feb wick
while still uncertain of the future prospectus,
it is good time to long for me.
I know it is very high consider the downside i have to stomach in if price breaks back to 13-15
Just a 50shares, it wont kill me
in fact, saw this on 15th ...
if my eye is seeing it correctly, there is a potential small H&S trapped under 37-42
while the entire price structure since the IPO looks like a rounding bottom
Who wins in this fight?
Long term wise, the overall technical situation is bull bias but... who knows
World food market has been in the slump since topping up end Oct 2013.
the stock value has basically halved to around 30.2 as of 8th April 2016
Technically, price does obeys the downtrend channel as shown, but i also see a potential rounding bottom forming
if price found support and reverse around 29 and hit back ...
Oil has finally broken the downtrend line that started back in July-Aug 2014.
Price closed above downtrend line on log scale on this weekly chart.
Under normal technical situation price would go higher and return to test the downtrend line to
confirm whether it has turned into support from resistance
i will keep ...
GSK has been in consolidation since it topped up on Jan 1999
i reckon big move is brewing just like the lava is boiling to be oozed out of a volcano ^_^
Note: there is a scary HS pattern in orange box, if price fall below 37.50, then my bullish bias will
it has been a year of overall bears when bulls were trying to pick the bottom
for the past 2 months, gold price seems to be making a rounding bottom (unless the red support is not broken)
else we go lower
let me recall my cycle analysis
that long wick makes me feel ...
Technically speaking, this solar ETF has broken out of downtrend channel and consolidating for next move
especially a weekly belthold with 3x the volume.
The next minor resistance is around 32-36 and the major one will be 48 for bullish move while a failed upmove will see price go down to perhaps 19-20
Alerian MLP Infrastructure Index
is a composite of energy infrastructure Master Limited Partnerships (MLPs). The capped, float-adjusted, capitalization-weighted index, whose constituents earn the majority of their cash flow from the transportation, storage, and processing of energy commodities, is disseminated ...
It has been 17.5 months since the break down for triangle consolidation was published Aug 2014.
The last oil price crashed took 19months before it recovered (July 2008 - Jan 2009)
Is history/statistic going to repeat? I think the "manipulators" know it all
on 21 March, i had a long and silly glance at this oil ...