MrAndroid

MrAndroid

This recently formed triangle DXY pattern could mean that a strong move is imminent. A triangle is often a continuation pattern so given that we are in an uptrend this would seem more likely.

MrAndroid

The recent swing up in Oil looks like it is now on shaky foundations. An O on this chart printed below the fairly recent uptrend line. Bearish move on oil. Energy stocks and banks may weaken.

MrAndroid

The previous chart I had, showed a parallel channel for the current down trend. The price broke below this channel so I've deleted it and replaced it with what appears to be a falling wedge pattern. The previous fib levels simply did not make sense from a resistance/ support point of view so I changed the setting to be based on log values. I think there is...

MrAndroid

There is an air pocket below this level. It is very vulnerable to further downside. However Bitcoin dos have this trick it pulls of sometimes where it 'wicks down' ie goes below a support level for a short time only. This point and figure chart shows the printing of 2 Os below the 2017 high.

MrAndroid

It does not look particularly obvious but I can just about draw a head and shoulders pattern on this gold chart. Could be a potential drop on the way?

MrAndroid

One of the main things that has been hurting many asset classes of late has been the US dollar strength as shown by the pump above resistance on the DXY chart. Now I see signs of a pullback from an over extended rally with RSI divergence on the chart. This could bring some temporary relief to other markets.

MrAndroid

This major downleg on the Nasdaq Futures looks like it may be forming a broadening descending wedge pattern which could be a future trade setup on a confirmed breakout.

MrAndroid

Yesterdays sell off sees a move below the previous downward sloping channel with a bounce going on currently. This looks very close to capitulation. There is probably support at about the 20,000 level as that was approximately a long term high previously.

MrAndroid

A fairly good sell signal here with previous low being exceeded in a meaningful way. This does not mean 'go short' right now but is a crisp and clear indicator that there could be more downside to come.

MrAndroid

The US 10 year treasury yield has just breached this level of the previous peak. If the debt market continues to sell of and the DXY (also spiking up) then things are really going to get interesting.

MrAndroid

After a long period of consolidation the Bitcoin price has finally dropped 10% and currently is sitting on the lowest line of the downward sloping channel. This is a dangerous moment because there is now going to be very strong resistance above this price. Even if there is a bounce it could very quickly rebound with velocity and plummet below the channel for a major crash.

MrAndroid

Gold in pounds has staged a breakout from a short term triangle this week but to me it looks insipid and not powerful. The long term picture to me looks like a bearish rising wedge pattern. I will not be convinced about this being a new bull market until the all time high is solidly breached.

MrAndroid

Mixed picture here. The US 2 year yield which is usually predictive of the Fed funds rate has pushed higher than a line of long term resistance. It is possible to look at this as a breakout from a grand supercycle falling wedge after a previous false breakout. The RSI chart has a rolling over / topping look to it which may indicate that this rally in yield will...

MrAndroid

This BTC bunny ears chart pattern shows 2 rejections off the mid line of this downward channel shows the price is still stuck in a down trend. No breakout has occurred but also no breakdown below the long term support. This chart hasn't changed in weeks. It does look as though a big move will happen in the next month or so as price may get squeezed between the two...

MrAndroid

The recent uptrend in the Amazon chart is looking decidedly weak, despite the recent split. The daily candle has a shooting star look where the wick connected with a downward sloping trendline. I see this as potentially a retracement starting.

MrAndroid

This long term chart of JNK shows that the price is currently in a down trend within a larger down trend. The slope of the down trend is also steeper than the long term support up trend. My own view is that this thing is a ticking time bomb. Continuing to follow.

MrAndroid

In the last couple of weeks the price of DBX has strongly rebounded and broken through several lines of resistance. This could be a signal that the downtrend is reversing. I will watch what happens in relation to any down swing. If the up trend is confirmed this could be a great entry point.

MrAndroid

This recent chart pattern on the Point and Figure chart looks very constructive with a series of higher highs and higher lows. A break above the down trend line, if and when that happens, could signal the start of recovery of this beaten down stock.