This is a ticker I'm following closely. Look at the fib level and potential double bottom. Promising!
Falling trend could be over and perhaps there is possibility for this to go up a lot.
Some elliot waves and important levels for Platinum
This formation looks like it could be coming to it's end.
To me this looks like a good opportunity. Price is at market structure right after offering on the same level.
57$ looks like it's holding up before close and there has been no agressive sell off from these levels. I'm wondering if this might be the turning point for this stock before it goes higher. Looks interesting from an elliot wave perspective and there could be some fundamental catalysts for this stock with the corona virus headlines. I read an article about virus...
Possible short term scenario on SPY.
The CCI is going up but no one is buying.
Price seems to be consolidating in a narrow range, breakout could come anytime now. I think we will go back down to 294.
This triangle have 9 lives. Although I think it will break down south finally, just need some more time.
Could this be the level where the price starts to drop?
Could break to the upside, watching closely.
Potential long term scenario for gold.
To me this action looks like the calm before the storm. A space without volatility where price is not going down lower to previous low levels. As price is coming from a previous downtrend into a level with lots of support, this gets me to believe that this breakout would be on the upside.
The CCI has never been overbought for 8 days in a row this year. Now the candlesticks show momentum loss. Percentage gains without real accumulation is never a good sign because when it starts swinging in the other direction it often falls hard. I wouldn't be surprised if we went down to 256 before SPY started making new all time highs again. This could take some...
Look at this falling wedge that could soon reach the trendline if current short term trend continues. I'm long and very bullish.