Fida4u

Fida4u

Netflix is in an area of resistance. As you can see , the trendlines with multiple points are intersecting in this area. The bearish divergence on the Rsi , coupled with the confluence of resistance and extreme valuation, lends credence to a very profitable short here.

Fida4u Updated 

Netflix is sitting in the apex of a very large rising wedge. The rally is stalling here with a larger macro backdrop that may cause some selling pressure. If it breaks down from the rising wedge, we might witness some intense selling. The RSI is showing bearish divergence on multiple time frames. My target is circa $900.

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Im looking for silver to catch some footing here and place a floor underneath. A hike to $36-$37 can occur rapidly once investors realize the support is in.

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Silver seems to be setting up for a beating. Its forming a rising wedge, whos top aligns with a strong resistance. The rsi and macd are forming obvious bearish divergences. I believe that the light holiday liquidity, alongside the bearish setup, is a recipe for a beautiful buying opportunity

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Silver looks like its trying to complete a correction before a new uptrend is formed. Its also grinding on the top of a falling wedge.

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The Natgas bottom looks very close. It looks to be forming a broadening bottom. A marginal new high, a small pullback , then take off.

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On the 4th hour chart , natural gas looks to be forming a minor bullish divergence on the MACD. It has also formed a falling wedge , which has a higher probability of breaking to the upside. The current sell off was obvious when natural gas rallied to the upper trend line and couldn't break it. A move to the lower trendline is almost finished , a grind lower to...

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Natural gas is prepping for a big move to the upside after the gap fill that's marked on the chart (2.35 vicinity). The gap coincidently lines up with the lower trend line of a falling wedge , making this area a magnet. The move in Natural gas in the previous weeks was very large , which subsequently required some consolidation before another leg. Assuming the...

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Natural gas looks to be forming a near-term top in what I think is an ABC move up. Bearish divergences are building on the hourly and 4 hr chart. Although, these divergences can continue to build while Natural gas grinds up , the risk-reward ratio warrants caution. Where does the B wave look to target? The $2.40 vicinity looks plausible, being there was a lot of...

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Natural gas has been oscillating in a wide range between $2.34 and $2.60, give or take a few cents. $2.50 support/resistance has been the decision level for a sharp move in either direction. At this point, both extremities have been tested multiple times , weakening both support and resistance. I believe that if natural gas bounces here and tests the higher...

Fida4u Updated 

The daily candle that just opened is forming in a very interesting place. It will encounter some strong resistance around the $2.50 mark, which coincides with the last candle and down trend line since December. If Nat gas manages to push thru and break above $2.50 and close above the down trend line, then game on to +$3. If it fails at $2.50 and heads lower to the...

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Silver looks like it's losing steam here, and consolidation is about to start. Negative divergence is building on the rsi, the MACD is curling downwards, and the price action is finding significant overhead resistance. The price action also formed a rising wedge, I see significant support at the 200 dma, which also coincides with the top end of previous...

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The S&P closed right under major resistance on friday. This leaves the door open for 1 of multiple scenarios to play out. 1- the market tanks from here and dips below 3800 2- the market dips, hold a higher low then breaks thru resistance to 4321, then 4400 3- the market melts up to the top of the channel at 4400

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Silver looks set for a move upwards. Its been consolidating its recent feom the lows. It remains above the 200 dma and down trendline. It looks healthy.

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A break of 94.607 would spell trouble for the dxy. The bearish divergences lead me to believe the top is in.

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A dip further to 4321 is possible. A bounce from there could set up a move back to the neckline of an inverse head and shoulder formation.

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Gold will most likely rally to the 1855-1860 area before having a significant pullback. That area marks the major trendline that has marked the tops of this consolidation that has lasted close to 18 months. The bullish case would be marked by a touch of the trendline , a correction, then a decisive break and rally. The length of the consolidation will lead to a...

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I see bearish divergences building on the the hourly chart of silver as it moves its way far up into the apex of the rising wedge. This leads me to believe this move up is exhausted, barring any news that will be a catalyst for further upside. The MACD shows bearish divergence and so does the RSI. The pullback will be a very key determinant in regards to silvers...