Since 2017, the price has been falling in a global trend. Within this trend, the price regularly makes bullish corrections, after which a new collapse occurs. The last such correction took place in 2013, then in 2020 from the support level of 125.89. After the rise, the price is at the resistance 153.75. Hence, we can expect a fall to the support of 125.58.
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Aside from a total U.S. Market Capitalization that is now in excess of 260% of U.S. GDP (the historic norm, not the low, being 78%!) ...
... and a Doubly Exponential; f(x)=a^(b^x), Central Bank(s) push in equities , up to this point, ...
... and the leverage in the system (U.S. equity markets) now easily the eclipsing all previous records, by any measure, ...
The price has been moving in an upward trend since October 2019. The trend is also a global pattern - an ascending triangle. The price is in its narrow part near the intersection of trend lines, which means that it will soon be able to leave the pattern. But for now, we can expect the price to touch the 131.13 turn resistance and fall to support at 129.36.
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In February, the price began to fall at the intersection of two trends from the resistance of 0.998. At the same time, the senior upward trend that has existed since December 2019 changed to a downtrend, which continues to this day. The price has already approached one of the main support levels - 0.974. It can be expected that it will rebound from it to the...
Many have been asking about me why I have stopped posting. I have been active in the home buying process and will be moving in to my new home in a month. I am 23 and this is my first home purchase so I am doing a lot of budgeting and excel work to plan for financial success. I apologize for the inactivity but here is a set up I put myself In by accident.
I tried...
Yesterday gold finally moved off dead center - resistance zone 1735.45 in which the price stood for almost two weeks. I have to update my previous forecast, because, contrary to my expectations, the price did not begin to rise to resistance and immediately began to fall.
The main reasons for the fall are 3:
- General downward trend amid world news
- Strong...
In mid-March, the price broke through the resistance at 0.717 and thus left the main uptrend that had been in effect since March 2020. During the fall, the price formed a small almost vertical descending channel, and now we can expect that it will continue falling in this channel and eventually go down to the support zone of 0.678.
SL - 0.712
Remember, there is...
Wells Fargo Executes Four Block Trades Worth $2 Billion
Stocks valued at $2.64 billion changed hands in a flurry of block trades Monday as tumult from the wind-down of Bill Hwang’s Archegos Capital Management extended into a new week.
Five block trades valued at a combined $2.14 billion were executed by Wells Fargo & Co., according to a person familiar with the...
Since 2007, the price has been forming the 2 Descending Triangle pattern. "You can see repeating elements. An ascending channel, then touching the resistance line and a collapse at the support level. There were two such collapses in 2007 and 2015. However, since March last year, the price has been in an ascending channel. and has already touched the resistance of...
The price has been maintaining the downtrend since May last year - that is, for almost a year. The guides of this trend are two lines: support and resistance, which were formed during the same period. For the last month, the price has been moving exactly between these lines (it has made at least 5 touches). And now it is at the resistance line 1.261. We can expect...
As expected, after breaking through the level of 1.188, the price continued to fall and is now in the process of falling. This may indicate that the global upward trend that we have observed since the beginning of last year may be broken. Or, more likely, this movement is only part of the movement in a trend - towards its lower border. Now we can expect that the...
The price movement has been interrupted since the beginning of the year in an uptrend. At the beginning of this week, the price bounced off the 152.21 price level and broke through the lower trend line 151.60. Then the fall began. Now the price is below the price level of 149.25 and can be expected to continue falling to the level of 147.62.
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Since December last year, the price has been moving between the two main price levels 0.758 and 0.781. Except for the breakout at the beginning of the year, when it peaked since 2018. However, there are also two trend lines on the chart. At the same time, the support line was formed in January 2020. Now we can expect that the price will touch it at the point 0.763...
At the beginning of the year, the price experienced a small but sharp collapse, after which it touched support at 125.07 and has since adhered to an upward trend based on this line. Inside the trend, the price periodically shows a strong rise, after which it invariably falls. Resistance formed at the peaks of this growth. Now the price is in the resistance zone...
During the growth in a small uptrend, the price broke through the 150.43 support level, fixed on it and continued to grow. The other day it bounced off the resistance 152.11 and a fall can be expected to collapse, but the price has again corrected to the line. Let's consider this as a good consolidation after which the price will still fall to the lower border of...
The price worked out the correction in the support zone 1711.66. It initially came to this zone after the growth from the support at 1689.45 (intersection of the trend line and the channel). From the upper border of the zone) 1749.57), the price corrected to the lower one (1711.66) and we can expect that it will continue to fall to the lower border of the...
In the process of growth in the falling channel (the price bounced off its lower border of 1.184), the price almost reached resistance, but yesterday it turned around to work out the correction. Nevertheless, we can expect that during the correction the price will return to the 1.184 support zone. And only after that will it return to growth.
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For the third month since the beginning of this year, the price has been following an upward trend. The only strong breakdown of the trend occurred at the end of February, but after the growth spurt, the price returned to the trend and broke through the resistance again. Price levels can also be noted at the highs of the trend. Now the price is at the resistance...
