this is an "inverse" graph indicating the long-term trends in the stock.
Based on the long-term view, we can conclude that there is a rising wedge pattern and we are close to break this channel up ( or less likely down).
I am long in this stock.
picture of the day...
On Weekly chart, the engulfing candle the week before seems to be an up-turn again.
I will be watching WHEAT closer in this week.
there is a strong resistance between 620 - 630.
Pay attention here.
If breaks, 700-720 is short/mid- term target.
( this is my personal view and not a trading advise. )
We observe that starting from 1st April until 3rd August , TNX has dropped continuously and XAUUSD increased as a response to this action.
In a similar way, TNX has been increasing gradually since early August , and there is a pullback in XAUUSD.
In my opinion, the destiny of Gold ( or in general ) precious metals ( i.e. XAGUSD as well ) is highly correlated...
ZAGG made a good move upwards and I will be watching for a breakout above the 50 Weeks MA.
increasing volume in Weekly chart is considerable.
what is the next stop ? 6.00 or 3.50 ?
we will see.
( my personal view, this is not a trading advise )
I add OGI into my watchlist with a price target 2.00 - 2.20 in 3-4 weeks. If breaks the blue line with high volume, new ATHs are possible I think.
- (W) chart : increasing volume
- (H) chart : bullish trendline
( this is my personal view, it is not a trading advise. )
I really don't know.
I found the chart interesting to focus on. There is not a clear buy or sell signal I guess, but there are some patterns forming.
I will be watching for 2-3 weeks, in parallel to NG prices.
( my personal view, not a trading advise. )
is the increasing volume in monthly (M) chart telling us something ? Keep an eye on NG prices also.
( this is my personal view, not a trading advice. )
despite the downside pressure in today's daily session, Gold still keeps it's strong position in the Triangle pattern.
Pay attention to 60-Min chart; a triple bottom in the trend-line upwards can be observed.
A breakout above 1720 - 1725 should indicate a new bullish trend here and likewise, a breakdown below 1690 - 1685 is expected to indicate further...
In the last two daily sessions, the VOLUME in USDTRY is incredibly low compared to past data.
Sellers do not want to sell, Buyers are not interested to buy.
is this a sign for a reversal soon ?
Technically ; we should expect a reversal attempt somewhere here around as the gap in weekly chart has been closed now.
As the FED is pumping huge amount of money into the markets, stock markets may soar further but the questions is ; where is the limit ? The FED will / should say ; "hey guys, that was too much, stop and let's give a break now."
And relying on...
Despite the fact that FED is pumping tremendous money into the markets, realization of profits should always be expected after a significant move from the bottom.
That's what we should expect in stock charts on those days I guess.
DAX seems to be filling the gap in weekly chart and we should watch for a reversal here.
If breaks above with significant volume,...
