Gold Taking a Breather before surging for a 5th wave
MSFT Bullish Triangle about to break out to the upside
Gold short-term impulse to complete a 5 wave
Excellent interview of cycle analysis by Charles Nenner on DBank. Could A Bdank failure be a canary in the goldmine? www.youtube.com
EOS ready to make a downward correction
Divergence in the MACD and Rsi. Its either a head and shoulders, or a triple top
The Eliot waves have shown us a beautiful ABC correction, we are currently in the middle of a C wave. We broke out of the lower trend line of the cone.
A complete 5 wave impluse is complete. Both corrections retracing exactly 50%, and a 61.8% retracement off the 5th wave high.
Get Ready, Head and Shoulders Pattern forming
An over 78% retracement from the highs of 2011 stopping right at the fib level. Entering into a long term cup and handle formation in this 8 year bear market in the metal. Very bullish in the years to come.
The bull market started in 2014 and now there's a consolidation, between the lower longer-term trendline and the upper short-term line we have possible triangle forming. The Squeeze indicator on the weekly chart is also about to fire off with no clue right now as to weather it will be go higher or lower. steemit.com/@bretjfeller
There may be an extended 5th, but that's not looking to be the case. This is tech analysis only, no fundamentals were taken into account.
Not too sure on this one yet, I think ETH has some major resistances coming up, but D would need to complete before we can be sure.
Zoomed in analysis of the cup and handle for gold
It looks like instead of a breakdown that I foretasted, we are going to complete a 5th wave. we are getting some resistance from the trend line that I drew from the lower highs since the October selloff. We should be able to get past that. Obviously we have a big PUT underneath us, but I will spare talking about that because that's not TA