Faith In The Bottom (ZN)Post #3 on Zion Oil & Gas for the month.
19 cents was entry.
We got a potential double bottom as we shifted to the side after breakout.
Really would love to see it spike to 41 cents and test both downward and horizontal Resistance.
Zn!
the ZN is bullish if it breaks the resistance linethe ZN is bullish if we manage to break the resistance line it will continue to go further ... I advise you to buy the ZN
Zion Ready For Flyin? (ZN)Zion oil and gas.
Penny stock.
I reviewed this one on april 1st.
Said it was a good buy around 19 cents and is currently up to 25 cents!
Looks as we setup the double bottom on the breakout retest.
I see lots of green, I hope she can get that fuel to run it up.
Best of luck to those that were watching this one with me.
Get that money!
ZN The price will dropeI highly recommend you guys to go for a quick short position at the current price, there is a chance of 90 % that the price will go down and touch the support line at the price 138,27
Remember the setup might be invalidated if we lose out current local resistance
Elliott Wave View: Ten Year Notes Remain SupportedElliott Wave view in Ten Year Notes (ZN_F) suggests that it has a bullish sequence from October 2018 low, favoring more upside. Near term, rally to 140.24 ended wave I and pullback to 133.2 ended wave II. Internal of wave II unfolded as a double three Elliott Wave structure. Down from 140.24, wave ((W)) ended at 135.25 and bounce in wave ((X)) ended at 138.3. The next leg lower in wave ((Y)) ended at 133.22 which also completed wave II.
The Notes has turned higher in wave III. However, it needs to break above wave I at 140.24 to avoid a double correction. Up from 133.2, wave (1) ended at 135.3 and pullback in wave (2) ended at 134.18. The Notes then extended higher in wave (3) towards 138, and wave (4) pullback ended at 137.06. Finally, wave (5) of ((1)) is proposed complete at 138.18.
The Notes is now within wave ((2)) to correct cycle from March 19 low in 3, 7, or 11 swing and while the pullback stays above there, expect the Notes to extend higher. We don’t like selling the Notes. Potential target higher is 100% – 123.5% Fibonacci extension from October 2018 low which comes at 142.28 – 146.1 area.
Elliott Wave View: Ten Year Notes Remain SupportedElliott Wave view in Ten Year Notes (ZN_F) suggests that it has a bullish sequence from October 2018 low, favoring more upside. Near term, rally to 140.24 ended wave I and pullback to 133.2 ended wave II. Internal of wave II unfolded as a double three Elliott Wave structure. Down from 140.24, wave ((W)) ended at 135.25 and bounce in wave ((X)) ended at 138.3. The next leg lower in wave ((Y)) ended at 133.22 which also completed wave II.
The Notes has turned higher in wave III. However, it needs to break above wave I at 140.24 to avoid a double correction. Up from 133.2, wave (1) ended at 135.3 and pullback in wave (2) ended at 134.18. The Notes then extended higher in wave (3) towards 138, and wave (4) pullback ended at 137.06. Finally, wave (5) of ((1)) is proposed complete at 138.18.
The Notes is now within wave ((2)) to correct cycle from March 19 low in 3, 7, or 11 swing and while the pullback stays above there, expect the Notes to extend higher. We don’t like selling the Notes. Potential target higher is 100% – 123.5% Fibonacci extension from October 2018 low which comes at 142.28 – 146.1 area.
ZN DIamond bottom/Symetrical triangle? Testing a chart prediction here. This goes alongside a bias that crude oil is on the rise and this being one of the stocks that could exponentially mirror that effect. Havent drawn one of these before but could be considered a diamond bottom indicatating a strong reversal trend to probobly the 50 ma (3.40). Another way to look at it is it is breaking out of a symetric triangle.
View of ZN and ZB ButterfliesShort BUB...this is what the ZN and ZB butterflies looked like when I entered the short.
Comparison of Volatility Indices (Daily)This chart shows the most current values of Volatility Indices for the mostly used Future Underlyings: ES, B6, E6, ZL, ZN, ZC, ZW, Russell etc.
10 Year T-Note Futures: Uptrend in motionWe have a strong uptrend signal in treasury notes and potential for a big upside move. I'm currently long $TMF, as my proxy for this move, since $TLT was lower than 10 Year Note futures, offering a more interesting risk/reward (as per Tim West's posts). Right now, I think the move to the upside is confirmed, so, if you're not in, you could look into buying either instrument on dips. Stop losses can be tight, but you're better off without one, and simply adjusting size based on volatility (1-3 times the daily ATR -11 periods- for your 'stop' distance, and thus size to fit your risk criteria).
Good luck,
Ivan Labrie.
Bounce in Bonds? TLT ZN!1 TBT Bonds usually bounce after huge sell offs
before continuing to sell off. 2013 multi week sell off had
mid week bounces to roughly 50% of previous week's range.
good spot to buy some longer dated calls (dec?) at 126'235
for a bounce next week to around high 127s or low 128s+.
RSI lowest in years, closed 4 days outside lower BB, very oversold.
good statistical probability. however, might fail due to unprecedented political climate and china dumping
ZN US 10yr bullish pattern into election resultsZN bullish ABCD and bullish bat pattern into election results (which could ruin it).
This is bearish USDJPY.
BTCUSD, 10 year notes and Gold: Are they ready to fall again?This is a simple analytic piece on Gold, Bonds and Bitcoin. After the Fed meeting yesterday, the market clearly decided the fears of low rates and weak dollar were justified, with a very dovish Fed, and gold and 10 year notes rallied (and quickly chinese buyers followed suit in BTC).
The interesting part is that gold has yet again broken the recent highs, which like we were discussing in the 'Key Hidden Levels' chatroom, might be warning us that there is a Megaphone type pattern unfolding here, contrary to popular belief that this is a consolidation before a giant uptrend starts in Gold.
The gap up in ZN1! is really remarkable here as well, it might give way to a very strong topping pattern soon.
BTC has hit a monthly resistance, but is currently above it. I'm waiting for the month to close to more precisely determine when to short it (if at all). For now you could maybe trade shorter term long setups in it, although it might be dangerous in this climate.
The bottomline is, that for gold and 10 year notes to top, we needed mass hysteria to reach the boiling point and I think this might be it. We'll need confirmation to enter shorts, but if you're long, look to trail your stop or get out, that's my personal reccomendation. The same is true for BTC longs.
I'll update the chart once we get a good short setup in either of these instruments.
Cheers,
Ivan Labrie.
