Hello traders, I want share with you my opinion about Gold. If we look at the chart, we can see how the price some time ago entered to upward wedge, where firstly it rebounded from the support line and made a strong upward impulse to the resistance level, which coincided with the seller zone, thereby breaking the 2150 support level. After this movement, Gold...
MPC (along with all refiners) appear considerably cheap to replacement value. MPC's chart pattern indicates it has placed in an upward sloping wedge formation. PetroChina building refining capacity to the tune of $70,740 per refined barrel. This is above the industry average of $32,800. With these new figures in place, industry replacement value offers a...
Could hit ATH at around 5200, then it can go far down as low as 3k, then to continue the uptrend...
I have been carefully watching ETH since the 19th, and predicted the drop to finish forming the upward wedge, and here we ARE. There is a possible trend reversal coming if it breaks the bottom trendline. ETH possible next stops because of support: - 1000: nice support on the left - 750 - 800: possibly, although the support is not huge - 600 and possible the...
ADA just looks like is forming an upward wedge with a possible reversal to the short side. There is a possible trend reversal coming if it breaks the bottom trendline. ADA possible next stops because of support: - .25 - .26 : decent support on the left - .15 - .18: strong support on the left possible last stop to bounce back up.
Looking at the downtrend that started back in February from the all time high, we see an upward wedge in the making and could be breaking soon all depending on the market. This pattern on this downtrend could be a continuation upward wedge since an upward wedge tends to break downward, so there is a probability it could continue downward after breaking the upward...
If you look at the 1M and 1W, you will see solid resistance and at the 1W you can see kind of like an upward wedge and a red inverted hammer wick. Zoom in a little to 1D and we will see kind of like an upward wedge formation going on, and that it is currently retracing from resistance, but some consolidation here could happen. From here on we will need to wait a...
Here we see how it broke the upward wedge and it could possibly continue down for a nice short entry. I am hoping to get it before it continues down.
At 1D we see a an upward edge that broke the trend line and the support line with a gap. Currently it looks like if it was retesting back to the gap and the resistance line (that used to be support). If it does retest, it would be a nice entry to the short side at the 1H after confirmation. PS. I already entered the trade a little bit before that and it looks...
more on a previous post FAANG stocks are fuct they may make marginally higher highs, but the risk you take entering or staying in these prices is crazy. considering you should be taking profits now, not waiting for the rocket to reach next galaxy.