My theory that we're on track to retrace the QE manufactured bull run is still going. I don't think it will be quite as extreme as a full wipe of the gains, but we're going to see all stocks return to fair value as the Fed blunders around trying to figure out how markets work.
As I stated in the patience is a vice post the interaction with the red Mars line (not related directly to planets movement :) ) the interaction with it is very important. Mars is now true resistance to the price if using the Fibonacci Moving Average. It usually means huge price movement up, but we will have to wait and see. I set my close short on my buy limit...
Upside Targets:
193.99, 257.52, 291.18
Downside invalidation: weekly close below .854 fib (138.04)
Welcome to 2022 and it looks like Zoom could be forming a bottom here on the .854 fib retrace. If it loses this level then it is extremely clapped and I would just bury this into the ground.
If the bullish sentiment picks up I can see this going along for the...
SMH has sold off through the median of the pitchfork with more volume than the uptrend (Oct 21 to Nov 21). There is a likelyhood that we are doing "as above, so below" pattern where the price rejects the upper channel, supply exhausts, then comes back down to mirror down below to look for demand.
As of now SMH is hammering near the outer channel. I'll be looking...
After we double topped on monthly, I am assuming we get to the .618 fib $26,500 which will be intact with the Btc log curve zones. Losing the .618 fib also have higher chances of getting to the .786 fib level at that point all Cme gaps will also be filled. Keep your capital safe DCA little at a time. after this we may start a new cycle or enter a long period of...
Gold on a minor consolidation. looking at a slight retracement towards 1818.28 or 1817.09. Should respect that zone and bounce right back up. If it passes 1822, we going to the 1830s!
Stil in an uptrend, I don't understand why people are loosing their shit. Some major supports an Fibs, and a long wat to go unti lth eclos of the weekly candle.
However Alts have been hammered... but they are Alts
This last big push up on ES has followed fibs and 100SMA
again near perfectly. Traded back down nearly exactly to
the halfback mark in just a handful of days; however, the
move back up was even quicker... Was this so the EOY
pushup is that much more powerful? Let the big boys take
some profits and then reload? The tell will be if we can
hold the 4662ish...
Xau USD as discussed before will be holding sell position for HTF HL we have a clear LTF LH of Bullish along with SnD zone and strong price action resistance we be holding sell position for 2 days till weekend.
Gold spot just made a retest in HTF and A LH og bullish trend in LTF. Aling with SND zone and market maintained resistance price of 1870.
We be expecteing drop of 2 days and market to make HTF HL.
The chart is marked with three decision points. Two CCI decisions are already short. I had "hoped" price would turn north again around 62,000. I am aa bit concerned now. If price drops thru -38.2% I'll be sidelined.
There are many factors upcoming that you should watch. Generally speaking, markets are positive between Thanksgiving and Year end. But we...
We are just setting on top of 50 % Fibs retracements !!!
- Fibonacci retracements are based on the key numbers identified by mathematician Leonardo Fibonacci in the 13th century. Fibonacci's sequence of numbers is not as important as the mathematical relationships, expressed as ratios, between the numbers in the series.
- In technical analysis, a Fibonacci...
$ONE is one of my favorite chart to trade.
Eyes on this area!
- Fibs Golden Spot
- Trend line
- Break out of Bullish wedge
Holding this support is key!
Watching next few candles for an entry at 0.286..
TP1 0.368 (50 percent position)
TP2 - ATH - let it run
