notable bottoming formation for this stock on the weekly chart, with clear RSI divergence signaling accumulation in case price managed to break above 110, expect a move higher to 180$
Currently at a critical level as previously mentioned, price filled the gap completely today and the weekly formation is suggesting a form of a consolidation, in case this level holds for the next weekly and price formed any kind of a reversal momentum, i think the sp500 could attempt a final leg up and retest the previously broken support trendlines from below...
Currently at a critical level, price filled the gap completely today and the weekly formation is suggesting a form of a consolidation, in case this level holds for the next week and price formed any kind of a reversal momentum, i think the sp500 could attempt a final leg up and retest the previously broken support trendlines from below before surrendering to the...
similarities in both charts, heavily beaten down and building large weekly divergence on the RSI. could still go lower from here but it should represent a buying opportunity, the upside is huge
however you look at the platinum chart you can't shake the bullishness, diverging monthly RSI, pivotal covid low, huge flag, multiple Inverse head and shoulders formations. All targeting 1750$
I will take this trade every day, especially if 76$ is reached. 220$ is easily achievable
Extreme divergence on the weekly, Distribution is taking place at these levels which usually shapes the top. Expect sever correction down to the original trend around 50$ and possibly 20$ Recession should be around the corner
The Nasdaq has posted a monthly topping tail as many tech stocks lately (NFLX - META ...) i expect this run has ended or very near the end, recommend caution and TLT..
possibly a perfect short entry, 2 monthly topping tails in the last 3 month indicating exhaustion and a possible trend reversal, targets will be 550 - 380 and possibly 250. will be accumulating shorts from here up to 650 with stop a monthly close above 650
monthly topping tail candle right at the resistance trend from previous highs, expect major downside
amazing bottoming formation, expect around 65% gains from the expected upside move.
major reversal weekly candle as previously expected, should this candle close anywhere above 927, expect sustained upside move in the price of platinum to at least 1040 and a major target of 1300 high probability trade: buy the retracement between 910 and 922 after the weekly close above 927, with Stop weekly close below 890
gold to silver ratio managed to break above resistance, now waiting for the confirmation if happened, this should point to lower prices for the metals as traders consolidate their positions to gold rather than silver.
Yields are the factor that dictates what happens to the market next. In case of a break above the white trend around 4.8% expect another push higher towards 5.2% which will mean the stock market might a final push higher, then a recession should hit at this rate. in case of a break below the yellow channel around 4.35% expect further downside to 3.2% which should...