The last 4 out of 5 times since the Great Depression that we witnessed inflation rise above 9% and fall back down to normal rates, we saw a subsequent decline in earning between 22% - 45%.
The only time we did not see a fall in earnings was in 1946 after WW2 when the fed kept interest rates low to lower financing costs of the war and earnings were already...
LKCO recently bounced off of ascending triangle support line.
LKCO returned to resistance of previous wedge patterns and continued to break through resistance of the following wedge pattern.
Assuming we follow a similar pattern we expect a breakout of the larger wedge pattern to the $3 - $4 range and a return to the $2 support line and breaking out of the...
BTC has reached 0.618 Fib retracement from previous high.
BTC has reached the third 2.618 elliot wave extension.
BTC is beginning to run into heavy resistance created by the bottom of the descending triangle of 2018.
Currently in a broadening wedge formation on the daily which may be a reversal pattern.
BTC is printing a bearish divergence on the daily...
P&L 4:1
Support (previous high)
Resistance 3680, 3550, 3230
Target 3100 (previous low)
Stop Loss 4100
Bitcoin retraced to the .786 fibonacci level around 4k and has closed below the downward trending resistance line establish in November of last year.
RSI is around 70 which has led to a sharp drop off in price for more than a year.
Shorts are in a range...
P&L 4:1
Support 3650 - 3700
Stop Loss 3690
Target 3000
Resistance 3200 (200W EMA)
Resistance 3120 (Previous low)
Descending triangle pattern with a target of 3000 based on the length of the height of the triangle. Target corresponds with psychological level of 3000 and close range to previous bottom and 200 week ema. Set close orders and take profits at this...
After a small break to the upside, previous patterns broke down to the support level of the preceding pattern
P&L 3:1
Support 3680
Stop Loss 3680
Target 3500
Resistance 3500
Previous symmetrical wedges broke to the upside before falling apart.
P&L 3:1
Support 3500
Stop Loss 3500
Target 3660
Resistance 3660.
A rejection of multiple impulse moves to the downside showing seller exhaustion. Likely quick reversal to the downside thereafter as a repeat of the previous larger fractals.
Following preceding pattern of a higher breakout in an ascending channel and following the bottom of a larger symmetrical triangle.
P&L 3:1
Support 3500
Stop Loss 3450
Target 4000
Resistance 3900 - 4100.
RSI is in the mid range so could go both ways but based on support and where price is based on channel, upside seems more likely even down the overall...
