$1600 not far away. The interest rate cut and unofficial start of QE4, which will be bigger than 1, 2, and 3 combined has started and it is bullish for Gold. If you are unaware Quantitate Easing is government buying of assets and is basically inflation which is bullish for Gold. The FED had no buyers in the treasury market the other day and the short term interest...
A new candle type that I think I prefer to use because it does a better job showing trends and potential reversals than regular candles. If nothing else its another tool to help other than the usual indicators I use. I am going to start posting more educational material. We can all get the same team and help each make more money. The formula for these candles...
Short, correction likely. Was this just a bear market rally or start of new bull market, still up for debate. We are almost guaranteed at least a correction being this overbought.
The Bear market rally could be coming to an end. The Fibonacci retracement of this bear market rally comes in at roughly 61.8 of 2017 bull market. It broke trend in July and has found support at 9300. 9300 is a buying opportunity until we close impulsively below 9300. Bitcoin has bearish divergence on monthly, weekly, and daily charts. The daily MACD just flashed...
Beside the Bear Market rally for most of 2019 it is bearish on monthly and weekly charts.
I have not seen near as strong of buying momentum as on other Litecoin bull markets. Which leaves me to believe Litecoin is in a bear market rally. However, it did break the downtrend and the indicators are pointing in the northern direction. I put T1 and T2 on the chart. If this is a bear market rally these are two levels for Litecoin to turn back to the long...
Weakness we are seeing now is just a correction and retracing the Fibonacci levels. Gold is longterm bullish and I believe based on US dollar and US policies Gold will go up to 5k in the next decade. Once everyone figures out what I already know, Gold is still in a trough, and any weakness is a buying opportunity. US Dollar is way overvalued Dollar index is...
Gold still more downside to go. I am looking for a bottom in the July trading range. The Fib 61.8, 50, 31.8 all come in those ranges and there is a lot of strong support there. Whats probably going to happen is Gold will continue to go down until the FED resumes its rate cuts, which it will. Then I October there is also potential for Negative news with trade...
Daily and weekly bearish just slicing through support like its not even there. Oversold bounce coming to create objective short term buying opportunity and after bounce potential objective bearish entry.
My more likely scenario is bullish: The weekly chart is bullish Trendline and support coming on daily The monthly chart is bullish RSI is has cleared overbought conditions but also has room to fall Strong Fundamentals Bear Scenario: we get the impulsive Trendline break We currently have Bearish engulfing on daily MACD Price Oscillator A good trade that I can see...
Silver longterm bullish; this is a Bull market correction, a buying opportunity. Same thing with Gold.
There is a small chance this thing gets sold and we break back into the August trading range. We will be at new all time highs in a few weeks. However, the market is has a very high valuation. Keep in mind that we do have bearish divergence.
So on the after hours we have broken to the upside the next step would be a daily close to the upside. This is Bullish make no mistake about it. However, where are we really going to go 3050 is only 3% away. Remember the longer term charts are still very bearish. We still have the potential head and shoulders forming along with a long-term Megaphone pattern that...
Will it prove to be a false downside breakout? If it proves to break to upside that would mean there is significant upside left in this market. I think this is unlikely, higher probability of continuing the break to the downside and right now we are just backtesting. REMEMBER: THE GOAL OF THE MARKET IS TO FOOL AS MANY TRADERS AS POSSIBLE (MAKE EVERYONE THINK WE...
Stock is likely in the process of topping and in for a bear market that will probably take the price below ipo.
At Home Group is a very beaten down stock due to the trade war and these levels is a great buy from a fundamental stand point.The charts seem to be pointing to a new bull market. A bull flag pattern seems to be forming on the daily charts; the volume is not perfect, ideally the green candles on the pole should be significantly larger than the red candles on the...