Gurrel

Gurrel

SILVER has finally broken out of it's six month long triangle pattern. But is this breakout valid or just a whipsaw let's find out Volume: Volume is undoubtedly the BEST indicator when looking for legitimacy. If we look at candles of the volume we can see that the volume has been accelerating towards the bearish side for the entire triangle formation, and...

Gurrel Updated 

Oil is currently in a broadening wedge, unless it manages to break out of the wedge it will eventually have to come back down. I put emphasis on eventually it can stay at that upper trendline for a while. Wait for confirmation before entering any shorts. First look for divergences in your preferred indicators then, wait for a MA crossover so you don't get...

Gurrel Updated 

Silver has broken it's longterm trend line on pretty much every single indicator i've looked at, and the price has of course then followed suit. Right now it's forming a bearish flag, soon it will drop again. I'm guessing silver will find heavy support at the 23-22$ level, and if that level breaks, yea, the people who held their short will be real happy :) (Do...

Gurrel

I built upon @ante1028 's idea of a descending wedge, and found if you build a trend channel, located the strongest nearest support, and added the 100 EMA it all lines up perfectly to the 126$ level. So watch this exact level for a pivoting point, and if the support at the 126$ level breaks, be ready for a lot of downside.

Gurrel Updated 

This is surreal... (This is not really technical analysis btw, just food for thought) :)

Gurrel

These trendlines will act as strong support and resistance zones.

Gurrel

ESCG Is in a large triangle pattern, and at this moment it is consolidating a lot. You can see that the volume is steadily increasing which is a bullish sign for a consolidation. Keep this on your watchlist.

Gurrel

$HEAR has created a clear inside bar on the daily. The candle is way smaller than the previous candle, and the difference in volume is huge. $HEAR has definitely exhausted it self and needs a retracement. The trend preceding the candle reversal is also to steep to be maintained. Candle reversals are not always right so don't trade more than you can afford.

Gurrel

Peaks are getting lower while troughs are getting higher in the duration of 5 days. You won't get a more obvious pennant than this. Now what makes this pennant bullish ? Well if we look at the Weekly log scale, we can see a clear case of a cup and handle, and we're almost done with the handle :) If we look at the same chart, we can see it broke a 5 year long...

Gurrel Updated 

Peaks are getting lower while troughs are staying flat. Classic triangle pattern. Volume is obviously consolidating, no funny business there. But the RSI is diverging, giving a signal that the breakout will be bullish. The candlesticks are getting close to the long term trend line in the same place as the triangle breakout, which means the price is nearing a...

Gurrel Updated 

Volume is insane on this stock, and right now it's consolidating. Using trendlines from all the way back to 2000 I've come up with a 4 possible points of a breakout. The breakout could also happen in between these 4 points. (Beware the secular trend is bearish so the breakout could still go in the other direction. But it isn't as likely considering the buying...

Gurrel

A is probably never gonna get recaptured. It will stay as a strong resistance if $RUN decides to moon. If B breaks, we might se a dip down to C. If C breaks, $RUN will divebomb back to 24$ at the previous peak. In this 0% interest market this won't happen. At least for C, so SUNRUN is definitely bullish long term. (I'm no professional take my analysis with a...

Gurrel

Volume is really strong on this one..

Gurrel Updated 

Volume is good, MACD looking bullish, ADL climbing and it looks like a trend reversal is close by. BEWARE: I'm not close to being an expert at this stuff. So go and take a look yourself and make up your own mind!