ChartFood

ChartFood

I believe gold will continue selling back into support (and fib). Believe any one or both boxes below can get hit..

ChartFood

Bitcoin has shown 33k to be a level of importance and if this broad wedge can be broken may have a god chance at a 60k retest as this consolidation continues.

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I believe the dollar is showing signs of bullishness as it tries to break though resistance at the 618 fib. A bull extension would raise it to the 786.

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The S&P is headed for 4005 I believe, the next fib down when pulling from the Covid low. Also, you can see the 21sma (blue) near.

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I expect Gold to sell off back into support. May fall even lower, but time will tell.

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I am short term bullish on gold.. If we get to 1850, I am not sure we will break resistance.. I still see a lot of reasons we may reject.

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Silver seems to be wanting to chase back to the top of this seemingly wedge. The stochastic is converging back to the upside.

28:15

ChartFood

Techncial fib based trader. Going over some thoughts about the markets/charts.

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Bitcoin has responded well to the 33k level and seems to be bouncing back up while breaking out from a downward channel. I am an accumulator only in BTC and plan to buy here and wait to how the 618 retrace reacts at 51k.. Not financial advice Happy trading.

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I know no ones wants to touch MSOS or anything marajuana related but i believe it’s always smart to keep an eye out for everything. I am making a small bet while we hit all time lows. Also, as a technical trader, It’s a big deal for me that this is the first time the RSI has dropped below 30.. Even better, bull volume came in as we hit the all time low while the...

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I’m basing this assumption on the Stochastic which has clearly matched the bullish days we’ve seen this week and the great thing is it seems to either want to retest the all time high or even break to a new one… I am cautious because of the possibility of rate hikes but not sitting o my hands. Buying slowly in case I am wrong and we see another leg down. Not...

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I will take the bet on FaceBook longterm and It’s a gamble as anything is but I don’t see them going anywhere. I don’t have great knowledge that isn’t already known but I know I use some of their products. In fact, almost everyone I know uses something they own.. I also am using a fib extension to predict a future target but also that this sell off may be all in...

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I have waited quite a while for Boeing to look like a buy and i believe it’s time. The falling wedge has showed slowed selling into support and fib’s 382. Monthly and weekly stochastic are also converging to upside. The safe thing to so may be to wait for the wedge to break, but I am of the belief that the time is now. Also, I have considered $XLE breaking out...

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Boeing has been a sell for some time now and as we approach the 382of the structure shown i plan to go full bull.. be patient.... i have link past boeing ideas happy trading

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I released a idea the other day if bulls were to win the pennant battle.. Still up to now... I dont see it happening anytime soon.. But no one knows the future.. All I do know is that the price action and the oscillator are showing bear convergence... With extension down, I believe we can go as far as 1630... So many great traders are bull right now.. But I wont...

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I have been skeptical that gold was ready to break out and sorta still am... But I must acknowledge that a lot of good traders are going bull. We are receiving bull volume to fib resistance (1880). Also, the pennant formed will play a part in telling us when breakout occurs. Lastly, we look at the monthly stochastic converging.. Something I may have...

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618 buy on volume or fall wedge break I see a strong support at 40k and think we may see a bounce back to resistance. using 236 as a guess on retrace. Don't know if bulls make a higher high.

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I see Gold on support and ready to correct, I am bear on higher time frames and just want to acknowledge possible correction. I would rather trade in the direction of the weekly than the daily. So, long term i am still bear.