Drill baby drill. This will cause a large influx of oil supply, outweighing demand, which will reduce oil prices. On the chart, we are seeing oil selling off against the bearish 200MA right now. This may very well likely be the beginning of the new downtrend. Between lower interest rates in the coming year and lower gas prices, the economy should have...
Rivian is showing a nice descending triangle and it is currently floating just below the breakout line... Could be a strong one in 2025.
For most of this year I've felt that oil was going to get cheaper, and we've already seen the first leg of that, and then the last few months we've been going sideways. I believe this chart is very close to making its mind and resolving down, given this nice head & shoulders pattern currently. If this H&S breaks down I think oil will enter a great sell-off during...
Looks like we have a pretty clear decision made on this channel, as we're starting to break out above it. Great long on any pullbacks going fwd.
Keep a close eye on BTC here. Starting to get a well-defined channel, and we're trending down towards the channel support as the 200SMA is not holding as a strong support up at these levels... Red circle marks beginning of a new downtrend, green circle would be beginning of new uptrend. Red circle seems higher odds right now... Ideas not advice.
USOIL could be reaching a tipping point here with this extremely large Head & Shoulders pattern tracing back the last few years... If we were to break below this long-term support, we could see a 30 - 40% decline in crude oil prices. Keep a close eye here.
The US markets overall are correcting currently, primarily due to concerns over the slow job market... Biticoin has shown incredible strength from last fall through this spring, and its been in a consolidation pattern ever since... Typically on strong-trending assets, the first few consolidation patterns precede new uptrends. The big question right now is...
Been watching the US01Y treasury as its chart patterns certainly are just as valid as normal stocks, but it really reflects the basis of the whole US economy being highly correlated to the fed interest rate. Right now we have a very well-defined head and shoulders pattern after quite the straight line up from near-zero from the covid era. The action this week in...
Rivian looks poised to break out of a long-term downtrend right now... If we can get a strong breakout and then a rest to set us up for a new trend, this company could be an incredible investment going fwd. Fundamentally, we're starting to see Rivians all over the place now and they've definitely gained traction in the market.
CVNA showing a nice wave/stairstep pattern pushing up, and now we have a super nice flag pattern. Would not be surprised to see this wave turn into a very strong and fast move up from here over the next few months.
Super strong day for FDX after earnings beat... This could be start of a strong new uptrend for the shipping company after emerging from a trading range.
HPE seeing some great momentum after breaking out of a ~6-year sideways range... Still early in the new upwards trend I believe.
Incredible head-and-shoulders setup on this company... Just now starting to break below long-term support (neckline)... Would not at all be surprised to see this stock cut in half over the next few quarters.
Seeing a nice stair-stepping pattern on CLSK. This stock has had great momentum and it looks like it could be breaking out of a trading range soon. Could continue to offer great upwards momentum in the near future.
Seeing a very, very well-defined head & shoulders pattern on the Nasdaq index right now. This looks like the sell-off that we've experienced so far is only about halfway through. Reminder: the Nasdaq increased in value 16-fold since the worst of the 2008 great recession. Big sell-offs create massive investment opportunities for those that are patient.
Seeing a very well-defined Head and Shoulders topping pattern on BTC now. The 200 SMA is also rolling over now in combination with a clear head and shoulders, making this a very bearish setup. You'll be hard-pressed to find a H&S pattern this well-defined in recent years for BTC. Totally coincides with the top in the indices I noted recently. Given the y-axis on...