Before I get into the writing of this idea, I understand that I am likely gonna be in the minority and I understand also that a lot of people are going get highly upset because gold tends to have an emotional hold on many traders — which I find interesting. Nevertheless, here's what I see....
This analysis is being done mostly from a weekly chart. So, to...
Unless you've been on vacation in some underground location this entire year, you've seen the wild price fluctuations in crude oil. It first began with the price spike earlier this year which saw oil get up to $130 and then the steep decline which has brought price back to the low 80s. By the way, I called that $130 top in oil. How'd I know? Because price rose...
My original analysis of the S&P began on the daily chart but I'm gonna use the 4-Hour chart to better illustrate my point.
On the daily chart, a demand level was formed during the mid-part of July. I marked out a specific point but that whole breakout area can be considered underlying support.
What I see here is that we are still in a major uptrend, despite...
I'm tempted to get into a long, drawn-out explanation for why Bitcoin (among other cryptos) may be a buy at the moment, but I'm gonna keep it as simple as I can.
Just so you guys know, I called the crypto top back in 2017 and the top late last year. I said that to say that I have a pretty good idea how to read market direction.
What I currently see if price...
I'm gonna try to keep this as brief as possible while still getting my point across.
If you look at the chart that I've posted, it's pretty obvious what's likely to occur. SPOILER: The trend is likely to continue and here are a few reasons why.
Price has just entered a supply zone. But, I wouldn't make too much of this since prices are just now rallying off...
