UnknownUnicorn5323213

UnknownUnicorn5323213

– No interconnectable formations within main formation – No leg since mid 2016 (extremely bearish), must return to lower trend line – Significant volume drop (below average), sharp corrections expected – Unbroken PSAR series from 2016 to 2018 will now be mirrored in a down trend – 8 out of 9 indicators point to much lower stock value, 1 'neutral Very straight...

UnknownUnicorn5323213

MG currently belongs to the Top 100 most (monthly) volatile stocks, and is so within very healthy boundaries and calculable formations. Those looking for a low risk short-trade, this is it. Smooth sailing to $10 or lower within 2-4 months. Formation: Left-handed closing wedge (failed)

UnknownUnicorn5323213 Updated 

Very straight forward technicals, absolute beauty here. Might quickly retest 1.90'ish before continuing strong.

UnknownUnicorn5323213

A bear-signal will be confirmed once SPY closes the week below line 'A' . Once 'B' is taken out, we'll see lows of 275, and trade sideways for a while. It looks like a further decline starting early next Year, but we'll address that when we get there. (trend lines averaged with step-line on linear)

UnknownUnicorn5323213

I've been saying it since 2015. The Euro is garbage, period. It's Monopoly Money at best. Swap your Euros for GBP or CHF. Both will gain relative to every other currency (or remain stable, respectively). This should tell you what's in store with the upcoming Brexit (no?) deal, and later down the line probably much worse news such as more EU members leaving the...

UnknownUnicorn5323213

– Unusual high volume within a down trend guarantees much lower levels – Major failings within multiple inside formations, including the main – Technically speaking this is an absolute disaster unfolding here with strong support only waiting at old support bottoms, reaching all the way back to pre-turn of the millennium prices – Will guaranteed break below both...

UnknownUnicorn5323213 Updated 

This is pure technical and is rather directed towards experienced traders with 15+ years experience. Apologies to those less versed, I will do my best to explain the above as simple as possible. Go ahead and mark this one down as you'll witness later how the stock will have performed exactly as stated here. Lines and connections have been averaged using step-line...

UnknownUnicorn5323213

Strong forces from the top pushing on XRP right now. Averaged weekly and daily resistances, plus 3x MA's that will keep the current run contained (notice the low volume). The current channel in averaged step-line reveals a very weak foundation which normally implies a later lower consolidation to build up proper support. Once XRP arrives at serious old support...

UnknownUnicorn5323213 Updated 

Cheers

UnknownUnicorn5323213 Updated 

Stay safe.

UnknownUnicorn5323213 Updated 

The current formation ended up getting a little larger, which elongated my previous post, but went as planned regardless. I'm going on holiday and probably won't have time to post much for a while. In critical situations I'll try to chime in and help, but officially I'll be less or unavailable. Try to implement what I have been doing lately to create your own ...

UnknownUnicorn5323213

This is how you determine the strongest support and resistance levels inside a formation. Always start from the outside slowly working yourself in. Stop using spaghetti trend lines all over your chart. The less, the better! To make your own perfect analysis you'll need 5 tools only: Candle/Line chart, B-Bands, MA, Volume and Parabolic SAR. Since this is the...

UnknownUnicorn5323213

Quick update on XBT for those trading actively. (pan down for support-lines)

UnknownUnicorn5323213

Chart self-explanatory (connections have been averaged on line & linear)

UnknownUnicorn5323213

This week (and next) will decide what's next. For now it's rated 'hold' with some weight on the 'short' side. Very straight forward technicals. If you see clear lower lows on the daily-chart, go short. (lines and connections have been averaged with step-line on linear)

UnknownUnicorn5323213

Very unfortunate. Impressive how one single weekly-candle can change everything (it's always been this way). XMR has two support levels waiting to "catch" it's fall. Breakout above support #1 is considered bullish. Top PSAR series are now far away from current performance, and considering the peak distance between the 50 and 200 moving averages (marked pink),...

UnknownUnicorn5323213

A weekly-candle follow up to the Hawk Eye view. Very straight forward and easy to read. If there's interest I'll make a 'daily' as well.

UnknownUnicorn5323213

Very straight forward and easy to read technicals. I've kept it simple for you to spot the issues. A close-up chart will follow.