Bearish pin at 50 Fib, volume waning, hidden bearish divergence in momentum after two consecutive weeks in COT extremes. Time to cool down?
Short entry working well the last two days, since published. Now at first demand zone, maybe a bounce here. First target remains at lower boundary of the wedge
Short entry working well the last two days, since published. Now at first demand zone, maybe a bounce here. First target remains at lower boundary of the wedge
At the upper boundary of multi month rising wedge with momentum divergence. Looking for a reversal candle intraday to open short.
Responded again at the weekly demand zone, exactly at the EMA 55 area, i.e. still big orders there to make the swing. A A volatily squeeze is in motion, as BB'S entered the KC'S - one of the many tricks learned from @fibline - and this usually leads to big moves as volatility finds a way out. To which way? Possible bearish bat hints that big move might be upwards....
Neither $GE nor $BID working finally as a good proxy for $SPY, daring not to print new highs. $JJC leads the way? Dr Copper diverging for a year now.
Time to check how strong memory market has. At former supply zone and Gann 8/1 resistance. Last three times failed at this area.
Now that Comex is officially empty, silver manage to weekly close above Gann 2/1 from 2012 Oct highs
Long term ratio explains why short stocks & long gold/metal stocks is working like a clock since Dec 30. Bearish wick into supply zone in monthly timeframe, backed by momentum hidden bearish divergence (left chart) and the same bearish wick backed by bearish momentum divergence in the weekly timeframe (right chart). Probs are, expected bounce due to trend line...
EM currencies print a morning star at usual demand zone. Will momentum divergence make the difference again like in 2011-12?
Over the long term, funds allocation towards major producers are more profitable. Juniors respond faster at important turns of Gold price, which is also why this ratio is a great indicator for major swings. It captures volatility/liquidity i.e smart/dump money changing positions. Looks like money flows in the system as the ratio between explorers/producers...
Long term ratio explains why short stocks long gold/metal stocks is working like a clock since Dec 30. Bearish wick into supply zone in monthly timeframe, backed by momentum hidden bearish divergence (left chart) and the same bearish wick backed by bearish momentum divergence in the weekly timeframe (right chart). Probs are, expected bounce due to trend line...
Long term ratio explains why short stocks long gold/metal stocks is working like a clock since Dec 30. Bearish wick into supply zone in monthly timeframe, backed by momentum hidden bearish divergence (left chart) and the same bearish wick backed by bearish momentum divergence in the weekly timeframe (right chart). Probs are, expected bounce due to trend line...