Luxalgoindicator
BOIL Natural Gas Price Recover and ReverseBOIL on the 2H chart has bottomed and begun the reversal as this leveraged natural gas fund
sees a red to green in the HA candles as well as the volume. Price has crossedover the POC line
of the long-term volume profile and exploded from a Doji candle below the mean anchored
VWAP with consecutive engulfing bullish candles.
The Luxalgo AI predictive indicator suggests a parabolic move higher and
a correction in the first part of next week. I have already profited 700% on this trade that I
have been in since my earlier idea on BOIL. I will add to the position now but be watchful
for a reversal of the reversal while watching a volatility indicator to set the exit.
BAC rising from support LONGBAC on the daily recently descended from an asymmetrical head and shoulders pattern
near to or in the supply zone as indicated by the Luxalgo indicator down into the demand
zone in late March and early May for a double bottom. Fundamentally, the banking system
has been propped up by the federal central banking mechanisms and the situation seems to
have stabilized. DPST and KRE banking ETFs have had some good days of late. On the chart
the Luxalgo Echo indicator, a predictive algorithmic tool, suggests that BAC will rise during this
summer and then bounced down from the resistance of the trendline of the neck of the
asymmetrical H & S. I can easily conclude that BAC is ripe for a long trade. I will take
an out of the money call option for DTE 9/20 striking #37.00. I will set the stop loss at
20% - Of the 15 contracts, I will close 2 after each 20% profit level is achieved and expect
to make overall 150-250% by mid-August. Because of time decay, I will not carry these
open beyond September 1st.
XAGUSD Spot SilverSilver had been on a downtrend for two weeks before hitting its pivot low on 5/18/23 and
reversing. The Hull suite indicator has changed from red to green while the zero lag MACD
indicator bounced on the zero line and is now uptrending. Importantly, on the way down
price dropped quickly through a low volume area of the volume profile marked out on the
the two hour chart. This area had the highest bearish momentum meaning the most negative
price action over the least time. If price can regain $ 24.25, the inverse could occur being
a burst of bullish momentum propelling the price through the low volume area described.
Contributing to this could be a squeeze if those who are short liquidate and buy to cover.
Finally, the predictive algo Echo indicator suggests a rise in price to begin the trading week
up to but bouncing down from that $24.25 target being the bottom of the volume void.
I will place a long trade with the target in mind. If price can break it, I expect an explosive
move perhaps equal and opposite to the 4% downward move earier this week. Also
contemplated are equity trades in SLV. AGQ and ZSL depending on the price progress underway.
FULC Biotech Fib Level BouncdFULC on the 15 minute chart had a good response to favorable earnings and then retraced.
It is now bounding off the Fib 0.5 level and also confluent with the POC line of the volume
profile and the mean of the anchored VWAP. Buying volume appropriately overtook selling
volume on the reversal Luxalgo's Echo indicator, an AI predictive tool, suggests a 10% price
rise in the after-hours which is typically a busy trading period for biotechnology penny stocks.
I will take a long trade on FULC in after hours and take off a part of the position in the next
trading day and hold the rest through the weekend.