Hi guys!!
Bullish setup in the monthly chart: bull flag, a monthly close above $66500 would confirm that setup.
Price target for the next leg up: 130-160k.
Time range: 1 year.
Take care and have fun.
Hi guys!!
Gold clearly in a range in the weekly chart. Still correcting after making a triple top and now about to get to the half of the range and around the 56 period ema. Will it find support there and lateralize or will it keep correcting?
The indicators tell us that in regards to time the corrective wave might not be over yet and attention should be paid to...
Hi guys!!
The S&P 500 seems to be losing momentum and set for a retracement or at least some lateral movement. It's holding on today with very low volume.
Indicators are corroborating the idea that the upward trend is losing strength and that we are going to have, at least, some sideways action. The 4 hour chart is also aligned with this idea.
The first area of...
Hi there!
Bullish case for Alphabet. The idea would be a swing trade around the $143 area.
The weekly chart still seems favorable.
Some could see it as a risky trade and it is understandable. However the indicators are showing strength, signs of accumulation and that time has passed and the price hold on to support.
Caution (bart pattern) and patiently wait for...
Hi guys!
Microstrategy showing strong signs of accumulation as shown by the OBV indicator. Bullish divergence has been forming during the past few weeks.
Still strong resistance ahead, around the $330-360 level. If we manage to turn this level into support and, market conditions are favorable, the $475-525 level would be next. What do you think?
Have a good one...
The fourth Elliott wave is often referred to as a complex wave. In Elliott Wave Theory, which is a technical analysis approach to studying financial market cycles, price movements are believed to unfold in a series of five waves in the direction of the dominant trend, followed by a three-wave correction.
The fourth wave is part of the corrective phase and...
