Kiss your dollars goodbye in the 2018 horror show. Trump making America suck into 2020.
Gold bull for 2018 because why not and the pretty pictures I drew on price look like that. Merry christmas! and here's to SPX doom!
Posting out of interest myself more than anything. Anyway. shorting it obviously
More crazy banana patterns showing good timing with my oil, gold, and DXY ideas for a major market correction around jan, feb 2017. This pattern can also be found on FTSE which charts same timing. Won't be long till these are proven wrong if I'm seeing patterns in nothing but will be if nothing else, entertaining to track if there's anything in it. Bananas or...
Similar to oil and inverse to my DXY idea, gold is in a clear pattern for eventual break out early next year when I think we'll see a moajor market correction begin. This chart has stayed untouched as I drew it months ago.. fractals inside bigger pattern a very clear. Combined time frame momentum in my indicator below also shows momentum in a clear bullish swing...
So for DXY I've been watching this pattern I spotted long before brexit. I can't rationalize why the dollar would fall in the coming years in such an epic fashion but on a technical cycle shown in my chart it certainly works... especially if you look at what I can chart in oil, gold and SPX which suggest the timing of a major market correction around jan/ feb...
Messed up today. had a look again at chart and spotted what I think is beginning of major break of pattern at end of year after a trip down to mid 30s which would be bounce at long term fib.. so a decent chance. prob need some wacky fundamental BS from OPEC or something to give it that kick up to 60s though.
Just want to track this one and see if my lines are correct.
Rough peak plotted from price features to end of next month which also seems to align with an arc of resistance which has held so far. The most realistic bull view I have considering current fundamentals.
Just been taking a step back and looking at how a potential repeat pattern on the MACD would work with the known long term trend lines to predict a retrace and it's pivot price/ timings. Will short till the end of the month.
Just making a note of significant consecutive midday GMT drops before the big bearish move to the last bottom in March and compared to the same midday drops over the last few days. Unless there are some big bullish changes to the fundamentals, I think midday, Monday GMT could be the best time to open a short for the coming weeks with a bottom guessed roughly at...
But this is my bullish view. Straight track to 72, then short like crazy :)
Sorry, I'm still pretty new to charting but this looks like last week, a wedge that broke down which actually formed a bullish flag. I think a small handle on this cup and we could break by 3:00.