Arc Pattern still playing out within the triangls. We need a breakout soon. Any more uncertainty and its down, down, down.
I'm going to assume we don't want to break below that level that old...
These are the ES S&P 500 mini futures lines I am watching short term to determine the pattern and my trading levels
Watching Gold over the next couple of weeks to see which way it goes.
I do not have an opinion at this time regarding if the market might go up, down, or sideways. Nevertheless, here are the levels and chart developments that I will be watching in the ES S&P mini futures. The text appears to be off the screen after publication. ES3000 ES 288x = ES POTENTIAL DOUBLE TOP RESISTANCE 2529= ES FEBUARY CORRECTION LOWS - 12% ~2400= ES...
The pattern seems to match Elliot Wave Theory with a very powerful wave C and a very powerful wave C (of an ABC correction wave). With the downward channels also in play and heavy support around 3-5k, this area seems very, very interesting to me. I am not sure what will happen next.
This curve is what seemed natural when I viewed this chart. As rates rise, I think HYG will lose this fight with the crowded area that it is currently trading in and complete this pattern.
Oil Just above resistance. However, the volume is not there. Bullish chart patterns (cup handle or inverted Head and Shoulders) somewhat present. Bullish long term if volume picks up and this break holds. If there is further weakness in the dollar, that might help also. Could also bounce off Fib and continue down. Watching this level.
With the weakening dollar and inflation going into the equities and bond market, Gold has largely missed out. A look at the long term chart shows that a breakout towards 1400 with continued increasing volume would be very bullish long term.
There is a downward trendline, forming a triangle with previous support. This could be a large bull flag. XVG has moving averages converging towards this area. Overhead, there is heavy volume traded between 1000 and 1169. I am watching for a breakout to the upside to work its way back to the resistance above at the areas 1575, 1724. I am guessing an...
After a month, it appears some of the whales are a little more exhausted now as the total sell orders on bittrex are down from around 3500 bitcoin worth to <2500 bitcoin worth. however, the buy side is down as well as volume has dropped a bit. There are a lot of Alt coins now and RDD has fallen a bit in volume rank on cryptocompare. However, on the chart, we...
I think there are too many people that think its either 8k or 25,000 next for bitcoin. I predict a narrow boring trading range for now which may be good for the ALT coins that have been doing good when bitcoin goes sideways (like BINANCE:CNDBTC) . Bitcoin has heavy support below around 11k where it has bounced before. There is also a SMA that is converging...