Dish Network has a golden cross in an uptrend. A golden cross is bullish. Price targets would be 37.53, 39.54, 41.68 and 45.05.
Sometimes you have to have patience and a strong resolve to remain in a market. For those of you who shorted this market to current price you did well. Something in the 143s would be next but remember you now have a gap to fill. Target is 141ish.
Look for the 63s and 65s. The fifty MA crosses the 200 MA for a golden cross.
A continuation pattern is present making way for rising consensus to re-establish the bull path upward.
On the weekly chart price has broken through support at the 102 and broken through the current level of support of around 89. As long as coffee continues its current descent, look for its next price of 86.15 approximate keeping in mind any pullbacks to support or trading ranges. If 86 is taken out prices could tumble to around 78.
Once price breaks above the pattern there is an 83% chance price target will be met. Percentage based on a number of successful trades. There are at least 4 line touches of the upper and lower trendiness of the pattern. Consensus: Bullish
Large injections coming furthering supply. If price breaks this important 5yr support area prices could take a tumble. There is also a gap to fill further down and gaps eventually fill.
This is a repost of the chart with the correct calculation on the chart "C." The textbook rule for a buy signal is when price closes above the high at "B"
The pattern is bullish for Wheat up to 5106 measured potential.
Nat Gas is range bound. Playing the tops and bottoms. Currently trading between 290 and 260 with the low near 254. Enjoy the summer.
Three falling peak formation. Bearish. Look for 1264 and 1256 to start amid possible pullbacks and ranges.
A Broadening Wedge Descending brought prices to the valley before ascending right on track to break above the pattern and makes its current ascent to the price target. This formation with a 74% chance break to the upside will net you an 83% chance to reach the price target. If you got in at the valley low then you have done exceedingly well up to this point. I'll...
We have two Broadening Wedges Descending back to back and that makes for a mighty interesting price development. The price target for each is different. So which one do we follow. I'll take the larger dominant pattern and take the second one for confirmation. Do we get lift off? I say we do. The Russell is lagging a bit behind the other major indices so it'll be a...
Study the chart. This happens first before we continue with the bear.
Broadening wedge brought profits to target. The RSI is showing a slowing of momentum. Price has been climbing awhile so that could make sense for price to rest and pull back a bit then further it's climb into the target area. You decide.
Notice that current price is similar in formation to the other side of the face. Do you see that? This happens when the supply on the left side of the face is coming down in long bars of price movement, and now demand with long bars of movement moving up on the right side of the face. This kind of supply and demand will mirror one another like you see it here on...
Inverted head and shoulders pattern. Direction is up.
On the chart look for those price points keeping in mind on the way down the rallies and pullbacks.