Looking for a pop on the dollar and a pullback on Gold. Slight resistance at $105.50, then next resistance would be the daily Coral around $108. Which is previous major support.
I'm looking to buy Crude Oil futures around that $66 mark. It's market structure and lands right on this trend along with a 1.27 weekly/monthly fib. Looking for a bounce back into the $70's
I'm looking for $GDX to pullback to that $24.50-$26.50 level for a long position. I think this could see $33 again according to the monthly time frame. Daily is shown here. Monthly Trix is green and momentum has shifted. Also, the $DXY has fell to a very heavy support level and should get a bounce which will bring gold down.
We have major confluences around that $2-$2.50 mark. It's is the 1.27 fib level, major support and a measured move.
$PDD had a magnificent run from $39 to $85 which is back into the upper part of the monthly channel. I took a short at $82.74. Looking for a test of $63 again. I think it's exhausted.
Looking at Bitcoin on the daily chart, zoomed way out. I see a huge Bear flag pattern formation with a measured move putting us around $20k. We had a failed bounce within the channel last week ending on Friday. BTC has been mirroring SPY's big moves. There is a slight possibility we head back up into the channel temporarily to around $45k before another dump based...
I feel there are some good setups coming in this bearish market. Amazon being one of them for you large cap players. I have a zone between $2150-$2000 which is a monthly fib level. 90% back to the highs from $2000. Even if it dips lower, you know Amazon will perform come a bull market again and go make new highs eventually. Set aside cash to average down if it...
I am bullish on SPPI. Let me know your thoughts. This stock normally trades above $2 and we haven't seen these lows in 14 years. Monthly momentum has shifted and looks bullish. Let me know your thoughts.
Not financial advise. :) Let me know your thoughts.
Looks like gold is on wave 3 and ready for its final bull run before a pull back. We have several confluences at the $1900 and $1950 levels. We have order volume, a trend line with this only being the 3rd test which typically fail for a break, heavy bearish divergence on momentum, heavy resistance AND it'll be REAL close to the monthly upper band. Where will we...
This is the first tap of the original low outside of a major trend break. It is also the 11.4 fib level of the breakout move. With price ranging between $87-$126, I'd expect for $126 to be tested again. We do have several catalyst coming down the pipeline as well. Phase 2 results, Phase 3 results, EU Deal is still in limbo, FDA approval, then actual sales of the...
I could see a nice bullish couple of weeks for this. a Trend break with a nice, slow bullish flag formed to create an upside down head and shoulders (red arrows)/ triple bottom within consolidation. This also formed the right shoulder of the larger upside down head and shoulders (light blue arrows.)