ChartFood

ChartFood

I am flipping bull before the crowd does and hoping for a bit of a retrace in price back to the upside. A squeeze. I have two targets labeled. First the 382 then the 618. We successfully predicted the sell off, now we try to jump bull. Trade safe. If first target is reached, I will take most of trade off and let the rest run for second. Will update if anything...

ChartFood

Gold is likely retracing back down to a retrace level at 1774. I see this as the fib support and where I expect bears to target. I wont short this but waiting to buy.

ChartFood

I see gold rejecting an important fib and wanting to find the fib support below at 1819. Will update from there but this is my short term view for now. I am still long term bull above that level.

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PayPal is approaching the 382 support after selling off within the broadening wedge pictured. You can see how price has wedge into the top and sold off somewhat twice on chart's past. As we near the 382, I expect bulls to favor the price and short sellers to want profits. This is short term analysis given the wedge may need to fill the bottom to the 618. If...

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DXY is at fib resistance and trying to break through. It is currently pushing up but it is too early to confirm. I am posting this for spectating. The rising wedge initially made me less optimistic but I hold no bias here.

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Gold finally is pushing to the upside towards our targets. I see a support bounce and a soon bull extension happening towards 1880 and hopefully higher so that the bull consolidation can fully break.

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This ETF is one that I know is actively managed and obviously no one knows when exactly is the right time to invest but we are nearing a support level and also the 786 fib retrace.. I am watching MSOS closely because as time goes, I would like to have a position in the space if buyers come in. I just dont know when is the right time.. perhaps watching this...

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You can see a parallel channel and price wedge break from its top. From there we are staying put on new support above 60k. I believe 65k will be new resistance for us to reach the next fib up to 80k+ Happy trading.

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Cardano is at the fib 382 and in a falling wedge pattern that seems ready to break. Is it time for this thing to blast off?

28:31

ChartFood

Market analysis

ChartFood

The golden dragon index is awake. Ready to squeeze some shorts off it's back in my opinion. Falling wedge break and moving averages (200 in red) showing potential move up to the 382 fib.

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If gold bears can push us to test support than the weekly stochastic will keep nearing us towards the 1820 resistance. Once we reach that level, things get serious in my opinion. If bulls can manage to break that level then I will be looking to target 1900+ levels. I thought briefly that a support re-test to 1750 was needed for bulls to reset but bears are...

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$IWM small caps may have just broken out of their consolidation phase that lasted quite a while. We may know soon if it is legit. Needs volume still. Also, may need re-test at some point. Keeping watch.

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I see heavy resistance and a channel break in gold signaling a possible support re-test below I am waiting on support break ONLY for confimation.

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Bitcoin made be in the process of breaking out of a brief consolidation to get to a new all time high. A falling wedge pattern break out. Still needs to break resistance for confirmation. If so, I am using fib to measure a fib extension up.

23:21

ChartFood

market analysis

ChartFood

My gold bias is up. I believe that gold is bullish right now and is in a pennant formation looking to break to the upside. Pictured on the chart, I have shown a chart pattern that has retraced to the 236 Fibonacci with a potential extension to the 272 above — putting gold at $2500 an ounce. Reasons why I believe that gold likely goes up from here is 1. the...

ChartFood

Facebook is approaching a key key fib level and a level of heavy trading as well that acted as past resistance. We will expect support to be strong now at that level (300). The 89 sma is just added reassurance.