A rising gold-lumber ratio has historically been a good indicator for risk-off moves in equities.
Gold is attempting to break out of its downtrend with lumber that has been in place since March 2020.
Lumber prices have certainly been distorted by lockdown related supply/demand issues, but this is something to keep your eyes on.
This is at strong support both technically and psychologically as it is at £1. I do not expect this to drop anymore from here, if it does then a quick bounce back should be expected as can be seen on the 21st December 2020. I have set TP at the previous high of 146.45 and then another target at 164 if it breaks the previous high.
In our last Tesla analysis, we were anticipating a bounce of the trendline and the fibonacci and we got that. The analysis after that, we were looking for bull flags to take this higher.
We are currently in another bullflag which could possibly take us to new highs!
See linked charts for previous Tesla analysis.
Goodluck and trade safe!
A lot of you may not know this but I actually do some stock trading on the side as well as creating YouTube videos.
Recently I came across this stock and honestly in my past 5 years of trading I have never come across something that looks more of an attractive buy than this stock...OCUGEN!
And I'm going to explain why for a number of reasons.
A PROPPED UP "RIGGED" LEGACY #FINANCIAL SYSTEM
You may have gotten off zero
but what about your loved ones - friends & family
Shilling is hard work to no coiners... but maybe showing them this chart will be a wake-up call?
Look out for them, as we are in a S curve adoption phase of Digital Ledger Technology
Bitcoin: On-going Cycle of Stimulus and FUDs-8.JUN.2021
New FUDs in the last 24 hours .
1. Trump: #Bitcoin seems like a scam.
2. "U.S. recovering Colonial Pipeline Ransom"
3. IRS Chief Asks Congress for Authority to Regulate Crypto.
Yesterday morning we highlighted two key levels in Bitcoin to potentially get back in.
Price tagged 30k USD before bouncing. We are currently residing at 40k.
Will a resurgence continue? Will we start ranging as buyers and sellers battle for position?
Did you pick the entry we identified yesterday?
A potential kill zone is shown. DO NOT enter if you cannot lose money!
It's this simple: price below amber 4h ATR.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees...