Hi I already am long since the dip yesterday. But adding to longs now due to C+H formation
ETH looks like it wants to break this downward trend line. There could be some explosive growth if we follow the BB as well. Waiting for break out entry.
We see a ascending wedge pattern on silver. Looking likely to break out. It held strong when gold fell, stocks opened red and silver rose through the daily steadily.
AML has been battered from the highs collapsing in price to be a mere 1/12th of where it was before. Based on oversold conditions and these technical patterns I am going to take a long.
Hi Go long. Market liquidity was tapped. Dump in the wider market was caused by Powell denying negative interest rates. This is old news.
OXY is an a bullish pattern you can go long here now, or on break out. I prefer now. Alex
Hi, The bearish view is we have been making a r shoulder of a h+s and each day we have made a lower high. 2900 is critical ground for the market right now. My positions are net short. But I have to consider that if we break above 2900 then it is likely as what the ma's are confirming that the uptrend is in play and we can go for new highs. Alex
Charts tell all. If we confirm a close below this monthly TL we will Plummet. Bearish FA. Fed has spent all their funds buying bonds and etf's. Warren Buffet has told us over the weekend he sold last week. Need to say more?
Hi. Based on the TD9 sequential it looks like we are due a bullish reversal. It has been a pretty accurate indicator of pullbacks before. We should at least get a bounce.
Hi I believe the vix is the best play. Last night we had bad earnings by Amazon which made up the bulk of the sp500. It fell more than 6%. This triggered a cascade of fear in the market. I believe the worst is behind us for the immediate future and the Vix which is based on fear and volatility is like to come down. I have shorted this index before market close....
Hi! I have to look at all possibilities. I can't marry a bias even though I have been bearish of late. Despite all the red you are seeing in the market today. The TA side confirms we have broken the 786 fib AND we retested the TL support. These are two key factors in confirming a uptrend. The 786 fib is important for confirmation of a TREND REVERSAL. This can be...
Hi Airbus looks to be in a bullish pattern of a bull flag. I am expecting a break out .
Hi Cup and handle formation developing on BP Take profit around the yellow line. It's a bullish chart formation. Alex
Hi, similar pattern as the SP500. I took at scalp short at 0.5 fib 190. Holding this short until the previous trend line where I will take some profit. Will continue to monitor and review this trade.