davidphudo

davidphudo

I think if you know how to draw well enough, yeah, you can kinda predict the future. Expecting price compression into 550 to the end of the week which would form a doji leading into May. Above the red line, we're more bullish, below the green line forming the compression triangle, we would be going bearish. An Iron Condor between 553 and 546 would probably work.

davidphudo

Seems the FED really walked themselves into a terrible situation going with the whole, let's kick the can down the road and deal with it later. Man, they really should have increased interest rates earlier but now, seems the "everything" bubble is popping one by one. Equities and crypto took a beating and it seems mortgages are showing signs of weakness. For...

davidphudo

Pretty sure most people already did the Fib Retracement on this and we are all watching that 418 level. With the rising dollar on DXY and Ten Year TNX, volatile stocks are looking less and less attractive. Not a fan on bonds to be honest and since bonds have an inverse relationship with interest rates, it's not great knowing they are planning a few rate hikes. ...

davidphudo

I've been seeing so many YouTube channels where people go, OMG, market is going to crash. Relax, it's not going to happen, I believe in Fibonacci. Should a retracement happen? Yeah probably but not quite yet, I'd say wait a bit until SPY hits 487 as a test or if it goes to 506. Market is mostly bullish right now. Until we get to those zones, expect bullish.

davidphudo

So CPI is at 6.2% and we have a head and shoulders on silver. That's news for bullish movement.

davidphudo

Paper silver price still seeing decline along with a lot of other precious metals. I an see prices heading down to 21.947 but at this price, I think you'll find physical silver premium prices still remaining high. I see this as a squeeze into a larger triangle. Everything just seems delayed and it makes sense since this market is more reactionary to FED than...

davidphudo

I'm probably not the only one out there thinking something weird is up with the market. We have increasing inflation and this market is essentially growing parabolically. If you are big on Fibonacci and look at the market from 2009, indexes have been probably the best places to put your money but wow. Now the interesting part is if you chart Fibonacci like I...

davidphudo

You know, I've been following WallStreetSilver people and I like what they do but I'm a big believer that 90% of what we trade is against a bot. Markets work in triangles and this is one big triangle. Seems prices may squeeze into this triangle for awhile into November 5th. We might see better upward movement leading into next year though.

davidphudo

Either it's at the bottom or it's heading down to 1.14.

davidphudo

It's been laughed at for soooo long, I just think it's ready to finally move. Target wise, could move up to 43.50 in the next few months.

davidphudo

Here's the thing, I don't like looking into conspiracy theory but with rising inflation and the crazy amount of printing done by the Federal Reserve, I'm under the impression it's good to hedge into previous metals. I'm under the impression using Fibonacci Channels that metals should start to move some time between April 6th - 7th. On the long term, I'm...

davidphudo

I've collected silver for years. As much as these news outlets try to calm people, it's not like it hasn't been rising with COVID. It consolidated and it's looking to push higher, next target of 31.50. If this rally continues, we can see prices as high as 37.64.

davidphudo

BTC has skyrocketed but what goes up eventually needs to retrace. On the Fibonacci Channel, we see it hitting the top of one at $42k. It has the potential to continue upward to $44k but it's a risky and potentially very fast moving play. If you made, it's not a bad idea to take some profit out and leave a little runner going. Expecting a retracement down to...

davidphudo

Levels are matching up, $42k it is.

davidphudo

If you trade triangle breakouts, you should already be in this trade. NIO looking to go to around $74.

davidphudo

Silver is looking to break the 0.236 level and if it does, we can see a push for silver to go to $32/oz.

davidphudo

I'm not thoroughly convinced MARA is done moving, just a lot of consolidation. The 0.5 Fibonacci Channel is holding so hoping to see a push and break of 11.36 and then I'm projecting this to go to 16.97.

davidphudo

EUR/USD has breached a key Fibonacci level. Expecting it to continue upwards and play within a triangle around 1.2300.