PeterLBrandt

PeterLBrandt

Whether from recent lows or slightly lower lows, Gold is preparing for a major bull trend. The weekly chart displays a massive multi-year Cup and Handle with a smaller Cup and Handle appearing in the Handle of the larger pattern. My target in Gold is $3,400.

PeterLBrandt

The case can be made that a massive and perhaps permanent top has been completed in ETH. This top would indicate an eventual decline to 90.

PeterLBrandt

If the USDX can clear 106 the chart indicates a strong trend toward 119 to 120 is possible

PeterLBrandt

It is possible to interpret the chart of Ethereum as a massive H&S top. I do not believe this is the best interpretation, but I've been around the block enough times to know that anything and everything is possible.

PeterLBrandt

Symmetrical triangle forming in July Crude Oil. This could lead to another up leg in the bull trend

PeterLBrandt

The violation of parabolic advances lead to 80% corrections as shown on the NFLX chart

PeterLBrandt

The advance in Natural Gas is completing a massive base area.

PeterLBrandt

A decisive close above the Feb high would complete this pattern and indicate a retest of the Nov high

PeterLBrandt

The Real has completed a 12-month rectangle and a bull move against the USD has begun

PeterLBrandt

The DAX price is in a bear trend, launched by the massive right angled broadening triangle.

PeterLBrandt

This is just a larger version of the same pattern completed in late Feb 2020

PeterLBrandt

Gold is attempting to complete a symmetrical triangle, which would be a bullish development. However, the current rally is being pushed by the threat of a Russian invasion of Ukraine. So, the market is in the "Buy the rumor" mode at the current moment. Should the actual invasion occur the market could evolve into the "Sell the fact" mode.

PeterLBrandt

This is ONLY a POSSIBLE double top. A decisive close below the midpoint low is required to complete the pattern.

PeterLBrandt

ETH is in a prolonged bear trend against SOL. Expect ETH to get much cheaper yet. SOL is by far a more functionable platform for NFTs and tokens.

PeterLBrandt

I cannot believe the number of people who are calling Bitcoin a head and shoulders top.

PeterLBrandt

Without a panic selling high volume spike it appears as if Bitcoin is grinding lower without apparent support. Either a close over 54,600 or a clear bottoming pattern on the daily chart is required to neutralize the negative implications of the present chart

PeterLBrandt

All the appropriate chart criteria except for the decisive close below the mid-point low have been satisfied.

PeterLBrandt

Bitcoin as a market has represented a series of parabolic advances on a log scale dating back to 2011. The recent correction has held above the current rendering of a parabolic advance. This rendering is a bit more complicated than previous parabolas due to the Covid crash in 2020. However, if the chart is viewed on a weekly closing price chart the parabolic curve...