Another post during my oath of silence on Twitter. This is where oil has to top if my deflation thesis is correct.
Made an oath of silence on Twitter but I wanted to save this chart for myself to review in a couple years.
TVC:DXY is clearly forming a breakout of a base with curiously similar timeframes of the base + breakout we saw going into the 2022 bear market for indices.
Less than 2% stop loss allows for a 50x long trade idea with 10:1 risk/reward.
Monthly trades are the most efficient use of mental capital. This chart is for @Scottiepippins.
Real estate has completed an abc correction to the first down leg of 2022 and will be followed by a C leg down for resolution through the end of 2024.
2008 analog with a corresponding real estate crash and false China boom.
Sideways consolidation 95% speculator short (source: freecotdata.com) Daily RSI 30
1. Sell stop on daily close below 11.5 cents 2. SL at local high 3. TP at local low
Entry: Sell Stop on Daily Candle Close Stop Loss: Once triggered, SL at ATH Take Profit: 6666.66
A potential expanded ABC Flat targeting new lows around $8.40.
We ended last week with a doji candle at the trendline from the 2011 highs and with RSI hovering around overbought levels. Copper's weekly and monthly close will be foreshadowing for markets into US Presidential Elections on November 3, 2020. Trade idea is a sell stop (or buy stop) above on a daily candle close below (or above) weekly doji candle. For...