Interesting.
watching for the parallel move in the MA's to confirm my hold
watching for a breach of the 50 Ma to get my wet wipes ready and a new pair of underwear.
fyi: I'm long uranium: fundamentals and commodities bull run
fyi: i'm still learning TA and looking at Elliot Waves.
This negative divergence looks like it could be heading into the the first ABC of a much larger wave 2 that will top on wave 5. (just my uneducated opinion)
Also, distance for 50MA is frothy.
Also, gap. (gap is a multi year resistance that could...
-TA lining up with big-picture, political fundamentals.
-Biden gets in, doesn't get the 60.
-Market throws a fit.... stops get smashed
-Politicians notice their personal P&L dropping... they get the job done after some damage has occurred.
-Maybe back into the channel.
Any weakness and the rotation into those rising yields will act as a bridge to rising...
-LOG chart- (the parallel TL's seem too perfect to ignore) (check for yourself)
-take from my chart what you will
-is this a rounding bottom after a divergence of rsi and macd within the down channel.
Fib hasn't been touched again. Maybe a double tap!.
-Gap at 50 fib $30.56? I doubt it...
-maybe in insolvency crisis/big market poopy times
-OR the flightless turkeys in this ETF pull down the falcons.
-watch indicators, mainly rsi and macd, after a divergence they tend to move with the candles
Diamonds reflect...
Above it, followed by retest and resumption, will result in a parabolic move.
Still has that gap to fill, will result in some soiled underwear if it were to happen rapidly. Flagging out until April.... boring but... w/e
I haven't been charting for very long, but let me know if my comments below are stupid.
CCJ Daily Chart Divergences usually lead to a LT...
-Divergence of RSI MACD STOCH against the general downward trend, similar to late 2018,
-lows holding, highs descending between 32%and50% RT
-similar to 2018, same as gdx
-ONE dirty dirty DIRTY heart crushing gap from the Spring rebound (not on chart)
I'm like NASCAR, left turns only please.
-ST divergence in the fall- confirmation of trend change to at the VERY least follow the boring, ascending slowly yellow floor???????
-test of yellow trend again->slow burn
-bounce off 50% gap followed by BO, Retest, Resumption of Red
-BO-R-R off green, up to fill the gap from the crash and 83
-insolvency crisis in 21 to bring it back down yellow?
-gunna watch...
Currently -general downtrend, bottoming out on the daily lows (50% retrace)-notice the macd+rsi divergence against the general downtrend
-look at previous divergences when macd+rsi travel in the opposite direction
-flat lows, then reversal when macd+rsi diverge
- GAP filled above 50% retrace of march lows and beginning of bull run.
-~3 bounces around 50%...
