Bonds are at a long term trendline and may be signaling a rush into bonds in months ahead. This makes me approach equities very cautiously right now. $TLT
Nio is at 382 fib and also has wedged into support. There's also a downward channel there as well. Oscillators are following price. I am seeing potential bullishness to the top of the channel.
I think Gold bulls will hold the line here and push to the labeled targets. The boxes are range targets. Second target is never promised, but if bulls pick up steam I believe they can run far.
I am of the belief that bitcoin will retest around the 60,000 mark but you also have to consider the 200 day trailing around 20,000.. The 2017 all time high may need to retest but of course we cannot predict that as of now. We are in a consolidation wedge, that is slightly tilted upward. We could end up breaking up or down out of this wedge. I’m going to...
Gold is starting to cool off and after testing 1960 and failing, I have to believe that a re-testing of 1935 is coming. There may be even lower coming as world uncertainty exits.
Gold is on it way to 1960 after breaking out a parallel channel and getting bull volume off 236 fib... Naturally buyers will try to test 382 now.. I expect gold to head to the 1960 level soon.
I am noticing a lot of cryptos at support in bull patterns or continuations of those patterns. I obviously cannot predict whether or not we go up but the pattern is there and the bull targets above are fib based. Not subjective. Happy trading.
The falling wedge into support on doge coin may be sinaling bullishness in crypto. I am not a fan of Doge coin but I am using the pattern and this level of interest to guess that maybe the consolidation is ending... Whether that be to the upside or downside.
Falling wedge at support has broken out and may head to test the 618 psychological level, 2,000. Oscillators seem to favor that analysis too.
Charting with fib. NO AUDIO, Please type comments.
AMC is continuing the decline to the 618 of structure and heading for 7 dollars. Current 382 which will act as major support has already broken.
I am playing this with the stochastic converging to the upside. Also, the 382 retrace is sitting at $19.74
I am of the belief that Roblox is currently oversold and will squeeze back to the 60-70 dollar range. We are also at the bear extension, 1618. A common place for shorts to take profit. Also looking at a wedging into that support.
The S&P is starting a show a wedge formation indicating a potential slowing of selling. Now, given the uncertainty of global events, who knows what will end up happening, but all we have is the chart. Given that we are under the 145 fib level, I am still planning 4005 fib to be touched. Because of this, I have been waiting to see us break from the current level.