Im no bitcoin expert by any means, but it seems that the flag can extend a while.
Realizing that we cannot rely on EW alone when making forecasts… We have to use old tricks from the past. One with no alternative count - a Gann projection. Because the main highs and lows should be clear by now.
I cant trade based on price, only on time. 1541 and on a time pivot high seems like a good place to throw in a sell. Weekly trend is down, so is daily. However, I think larger forces may give gold a new high later around new years, but after new years eve it should be off the hill.
Jackson Hole Lots of talking heads. But doesnt matter much, does it? Stocks are trending upwards till May 2020 no matter what.
Bearish till May 2020. Currently may have a bounce till Mid October.
FOMC is approaching Sept 17-18. Traders have lost all their faith in that gold can ever retrace and shorts have been punished over and over. A breakdown of 1522 on price signals a retrace. Lets see how deep we can go.
Price should continue up a bit longer before a more decent pullback to mid September. Then a trend continuation that last till the end of the year.
Copper has a very grim chart. The big waves of expansion of megacities and demand for copper is gradually diminishing. Fiber optics has replaced lots of its former use.
A nice month ahead for this airline
Bolsonaro. The hated man. But who cares? Things are looking better in Brazil. Flip-flop sales are up due to hot summer across the globe. Drastic reduction in homicide over the last year makes it safer for the population to attend to their daily chores. Price of oil is going up, and soft commodities are gonna start to shine after a long slug. We're entering into...