It's a bargain. Beware of lower level volatility. Buy & hold. Build the position.
Broken & consolidated above daily 200MA with 50MA rising into a cross. Looks good entry for following the 200 up.
Go long & ride it up as long as the trend allows folks. Big day.
Copper broke initially from a symmetrical triangle bottom formation in the surge we saw at the back end of last year. Despite deveral attempts to go higher its failed at the weekly 200MA on each attempt. Recently the 50MA which has been tracking the price up as support has started to level off and Copper has once again started to consolidate into another...
Looks like an inverse H&S with $2400 neckline to complete. This has been tested a couple of times so far and failed but looks once again to be pushing up towards the level this morning. If we get a breakout and confirmation above the neckline then expect a move up to at least the prior high at $2500, whilst the extension of the neckline actually completes close to $2800.
A reminder of how volitile Bitcoin can be today. Fully retraced back to the 50% Fib line and bounced successfully. There is a long term rising trend here & the key is to enter low and hold the position up in my view. This could be the last opportunity to open sub $1000.
Weekly chart 200MA at 146. Headroom on RSI to drop further on that timeframe.
Hitting up against the 50% Fib retrace from the recent high. Break this & I think we will see the all time high cleared.
Huge volume on Friday. It's double bottomed off an all time low, now we have a breakout of the RSI from its trend. I expect price to follow. Could be a sharp riser.
Closely geared to but disconnected from Brent crude price suggests a seller. Price action today is huge. Volume drives prices.
I've had to plot this on a log scale as the history is much higher than the present. It's broken the weekly 200MA and what looks like a multi-year inverse head and shoulders. I wouldn't rule out an extremely sharp movement upwards now these are broken, else it's a good entry for a trend following strategy.
Yesterday's bounce got stuck at the 50MA and 78% Fib line. Struggling to move any higher than this. Absolutely no buying on SPX. Nobody buying this move up. I'm in for a bigger move down towards the 50% Fib / 100MA region - around 109. Few hundred points potentially.
Trading above 200MA and 50% Fib retrace from last high/low. Looks to have rested this area as support. Possible double top occurring and falling tops on the RSI reading leave me waiting to confirm it's continuing up - breaking through 12000 level should do it.
Looks like it's in a consolidation pattern on the weekly view. Broken the 200MA on the daily. I think this will now be long to the 400-410 area (top of wedge on weekly view).
Big move down yesterday for OJ but still time to win on this short. The move downward I think will be pretty big.