Fractal777

Fractal777

Gold today finally broke through the downward correction channel with strength. We called a bottom in March..technical analysis does work. This has been a long and drawn out period for gold bulls...it serves the magnitude of the coming rally size! Whatever cash you hold is going backwards by 10% a year...all accounts. Precious metals have been stock piled by many...

Fractal777

Yesterday we saw solid volume on the rise and follow through action today. What does this mean for the bulls? We have another touch and a bounce off the red trendline plus solid green candles. Our moving average was breached for another buy signal..whipsawing from a sell. The trend is absolutely up and holding strong. For the bears, a significant shooting star...

Fractal777 Updated 

Our last idea suggested some event or catylst would herald a change. Nothing but blue skies can very easily turn into a storm. Although little mention was given about the Middle East spat, this could well be the turn which morphs into a panic sell contagion. Note the shooting star candle from Monday!!! Our sell signal was generated today and we go small...

Fractal777

Last week we gave the good chance that markets are off on another rally. This can be unpleasant for the bears to read or believe....we move our emotions aside. Your trading account and psyche will be impaired when refusing to recognise or accept losses. The Fed this week mentioned speculation by the retail investor as risky! Would this be the same entity who have...

Fractal777

The Dow tracked down/sideways this week in a consolidation move. We expect another up move this week which could well be the top. Parabolic rallies such as these are extremely difficult to predict their end. A fifth and final wave like 2008 will morph and extend beyond even normal markets. Of course this is nothing normal, just a farce. Quiet and void of any...

Fractal777

Has the market exhausted itself and topped? Choppy action this week with light volume rallies and heavier to the downside. Our upper boundary was breached and what can be termed a throwover. The boy who cries wolf will be right in the end, calling the top has been fruitless. Bulls just stampede onwards and ignore any risk. The true bears sit in their corners and...

Fractal777

Positive "news" drove the markets higher as first unemploment claims dropped significantly and retail sales surged. This was the catylst for bulls to ignore our upper trendline with a punch through. All the evidence pointed to exhaustion or an extreme mania finishing. The TRILLIONS of methadone will keep this zombie alive. Goosing the economy has to continue for...

Fractal777

Silver has signalled the next big rally with today's confirmation. This is derived from the left arrow showing firstly the breakout and the second arrow bouncing off the downaward trendline, or also known as a kiss back. There have been multiple candles bouncing off the 4hr chart and now we have today's surge. Also, the downward wedge pattern since February has...

Fractal777

Is this the end of the road and the final destination before a huge correction? Volume has waned to dribbles as we approach the zone. We would expect increased buying at higher prices...this void serves the warning. Smaller daily candles and an eerie quiet. Tops take time, major tops take forever. Turns are more often subtle than sudden....last March caught out th...

Fractal777

A termination convergence is fast approaching the markets. Trillions upon trillionshave masked the rotten economic condition of reality. Tens of millions in the US alone are on permanent welfare....welcome to Universal Basic Income or UBI. Inflation is the bogeyman knocking on the door...prices are up at least 10% the past 12 months. Government numbers are fudged...

Fractal777 Updated 

Bitcoin just cannot stop rising. A clear and perfect parallel channel has formed. Further, a breakout above the down trendline confirms the move upwards. $70,000 is the next target or more! $30 billion losses, Archegos Assets, which has impacted several large Wall Street investment banking houses, including Credit Suisse. Good trading

Fractal777

Yesterday the Dow formed a bullish reversal candle "hammer" Today we have follow through and confirmation of that bullish signal. Our analysis from a week ago suggested an ultimate top in was possible, this looks very unlikely now and new highs are almost certain next week. Today we have stepped back over two years in price history to reveal what we thought was...

Fractal777

The Dow has formed a bearish rejection candle. Sheer exhaustion and throwover price action the past week or so. The patient needs more morphine...none ahead! Just when all seems lost for the bears...this will turn. Buying puts on the indices would be prudent, a powerful trend change is coming. We know this market is topping at large degree going back a very long...

Fractal777

The Dow tires upwards as the stimulus morphine wanes. Although just holding up, strong reversal trends are about to occur. Most are asking what will be the trigger or catylst for the coming collapse? We feel compelled to write this idea as folks should be aware and alert to the following....it may well prove to save not just your assets but your life. Not...

Fractal777

The Dow finishes on a high for the week and the wedge or ending diagonal pattern has been breached. Often these breaches are what are termed a throw-over and do not often last. The bears capitulate and drive prices higher on weak volume. A pullback into the wedge to be followed by a breakdown as the bulls take profits. Make no mistake that we are at the...

Fractal777 Updated 

The Dow finished the week on a high, up almost 2% A rally has again commenced from the uptrend line and a bullish engulfing candle to boot! Look at the squeeze and tell me how much gas is left in this tank? Volatility is rising coupled with a Hindenburg Omen on the clock. This is why we stay small short and sleep easy at night....patience. The technicals are...

Fractal777

Today marked a very important day for gold in price action. The daily price shows an engulfing candle - very bullish when coupled with a reaction off the uptrend line. Finally, the markets are reacting to overdone selling and a huge rally is starting. Inflation is coming and gold will be one of the ultimate hedges. This is as good as it gets in a low risk...

Fractal777

The stock market has generated it's first Hindenburg Omen since late January 2020. We know exactly what happend after that one...can take a few weeks or so. This massive wedge is at a critical juncture and I believe it's about to crack. Sheer exhaustion is obvious in price behaviour....the catalyst is coming. Few will believe what's about to unfold as the...