Weekly bearish candle Weekly bear flag Daily top at the top of the Ichimoku cloud TP: Below bear flag Careful at 20 day SMA + High volume on the daily
WTI cup and handle TP: Weekly bearish candle + Ichimoku Cloud resistance level Daily noise: Wait for weekly close Friday move + Monday moves + Stagnant during middle week USO calls during dips in 30 min new support level
Potential bear flag forming on the daily. Resistance at 20 week SMA. Not daily candle confirmation for imminent dump. Not bullish divergence yet so downtrend still ongoing.
Monthly and weekly hanging man Top of the daily Ichimoku cloud so risk minimal Possible H&S but low confidence on this pattern Expecting high CPI and Interest rate hike due to strong oil Therefore, it should tank. XLK has bearish divergence at ATH with the monthly hanging man. TP: Lower monthly low or 8 monthly MA or at the long term trendline or at weekly...
Weekly RSI support line broken Daily under Ichimoku cloud TP1: Daily support trendline from beginning of year or monthly 8 MA or towards 1st gap fill
Weekly hammer candle on Silver TP1: Top of the range TP2: Till bearish weekly candle Silver calls + Silver shares
Daily high volume at the top of the resistance line Not high volume on break of resistance line Trend still bounce between support and resistance lines However oil is super strong which could be bullish for TSX Fed decision this coming Wednesday High risk: Short to support line or wait to evaluate next week HXD or HXU
Weekly bear flag Weekly 200 week SMA being tested too many times Weekly under Red Ichimoku cloud Volume spike at the top of the daily green ichimoku cloud suggesting heavy selling TP1: Daily level identified TP2: 100 month SMA
Expecting 200 week SMA and support trendlines to be broken any time soon. Tested 200 week SMA too much Weekly under Red Ichimoku cloud suggesting not out of bearish trend US10Y broke the October 2022 high which was the equities bottom for the 1st bear market wave HFD shares suggested to short HFU Other ambiguous signs: Monthly bear flag, if so another leg...
Inverse C&H on TLT on the weekly + daily US10Y broke 2022 October high TP: Not identified yet
About to take out double top Strong oil = Strong CPI = Higher yields to tame inflation Strong case to further hikes Bad for equities and could mark beginning of another bear maket
Weekly doji candle and bear flag Shorts or puts TP: To be seen, till reversal weekly candle
Double bottom weekly with bullish weekly candle. TP: To be seen but until bearish weekly candle at most.
XLE breakout to the upside Daily bull flag playing out Be careful of the bearish divergence on the daily TP: Top of monthly BB Noise: Expecting moves Monday + Friday and stagnant during the week XLE calls during dips
Potential inverse H&S Weekly bullish divergence Rejection daily bullish divergence Puts on upside TP: At long term support line or weekly bullish divergence support line Awaiting major Chinese stimulus
Monthly hanging man Weekly rejection of 20 week SMA Bad daily candle TP: Last support at around 1885 then watch out for daily bullish divergence GLD puts + HBD
4 more hikes to 1.5% Then it's probably going to be more QE WW3 to resolve bad monetary policy just like in WW2 in the 1940s?
Expecting range trading between golden pocket and level below.