This trend line in $TLT has held 4 times since late-'18, the last time crossing at horizontal support. RSI remains positive with a breakout & retest. This is one possible wave count, but rising support is key here.
@Costco - rising trend channel support, ascending triangle support, already broke out & retested 161.8 Fib. I am still targeting $338. $COST On a side note, still impossible for me to find parking at my Costco. Always packed.
Anglogold Ashanti $AU This looks like a wave 4 at channel support setting up a break above the 38.2 Fib #gold $GC $GLD $SLV $GDX $GDXJ
Nice recovery for @GoldMiningInc $GOLD.tsx with some predictably higher vol. Hit resistance at the 23.6 fib and upper channel, but trending up. A close above 1.33 should set up a run to 1.71 #gold $GC $GLD $GDX $GDXJ
I've been playing with variations of key long term trend lines on the #bitcoin log chart. The symmetry of this version really stood out to me. $BTC
Juniors looking to hold key support. Nice bullish engulfing weekly candle. $GDXJ $GDX #gold #silver $GLD $SLV. A break above that downtrend line would be a solid entry
#Gold / #Silver Ratio: It's been tap dancing around the 87 level for 2 years. This look like it's going lower to me - 81 next target. $GLD $SLV $SIL $GC What do you guys think?
I really like this $PAAS chart . . . broke out of an 8yr downtrend line, successfully retested and pushing higher. Could take some time/further consolidation, but get above 22-22.50 and there is major blue sky. #silver $SLV $SIL
I'm bullish equities. Breakouts everywhere. $ES / $SPY knifing above 261.8 fib. I think we hit ultimately hit 4500 BUT we're hugging this two-decade trend line, overbought on daily (healthy LT, not ST) & greed factor is high. Cautious here until break up from TL imo
For all the bitcoin bearishness, price is still trading in this six-year channel (log scale) and the 200 week MA (which has held both times it has been tested) lingers just below. $BTC $XBT #crypto
This is the S&P500 priced in #gold. Recent action looks like a breakdown and pullback of a decade long channel. Suggests gold outperformance in the coming weeks/months if pattern holds. $GLD $SLV $SPY $SPX #silver
Consistent with my view on #gold, juniors look like a Wave 4 correction before a 5th wave higher. $GDXJ $GDX $GLD $SLV #silver #platinum #palladium
Price should move up from these levels as rising channel support holds and price breaks out of bull flag.