GME: RSI Update, Dip Before the RipGood morning,
Last time we fell below the 30 mark on the RSI we saw a 90%+ move up and the other two times it fell to this level we saw 50-100%+ move up as well. I'm factoring in a 60%+ move up as this is like a spring that has been compressed and is ready to explode. I also overlayed November 2021 cycle and it looks like we're following that perfectly.
Downside PT: 22.12 / 21.87 (support)
Upside PT: Fill the gap at 27, 37 and 40.
As always, NOT financial or sexual advice. Good luck!
Cycleanalysis
KO D1: buy by market SL 60.0 or 58.25 TP 68.0Current decline is presented by already G ZZ bullish sequence. This corrective segment reached 61.8% retracement level. In accordance with 58d dominant cycle (write a private message for details explanations) it is reasonable to try long position with the first target at 67.20.
Corn D1: buy stop 700 SL 655 TP 830Corn is about at the beginning of a long-term increase. The first stage of this rise is going to get accomplished by the middle of Oct to be driven by annual cycle. Today we have another bullish opportunity to enter via thrust of local high developed by bullish brown sequence.
NG D1: buy stop 9.20 SL 8.60 TP1 9.96 TP2 11.50Look for long positions from the beginning of the week to hold them either till the 1st target around 10 and the 2nd around 11.50 OR close all them by the middle of Oct. This is the final bullish swing prior the further long-run decline for months at least.
SI D1: buy by market on MO TP 22.50Silver is going to demonstrate more bullishness unlike Gold to set a long-run top prior the further drop till the end of Nov. Thus, this bullish trade might be considered as a hedge for the further strategic bearish positions. Note, that the end of this week is the final dates to set this local high.
ETHUSD - Shapes of a Bottom Feat. The CMF & RSI"Ah, freak out! Le freak, c'est Chic Freak out!"
I made this chart in an attempt to counteract the various freak-out fests I have seen on Twitter and Telegram these last few months. I am not sure what charts the Freak-Out Crew (FOC) are watching, but they can't be the same ones as I am looking at today. The cycle low is in and the bottom is being made, what's the problem, bois? A good, solid foundation takes months, not weeks to build so what is left to do, other than appreciate the shape and movement of it all? But, oh the macro! Right, the macro narrative is what made me sell everything during the Covid Crash March 2020; never again, my friends...never again. I have learned to trust the weekly and monthly charts.
I hope the heavily labelled chart is easy enough to understand, if not shoot me a comment down below and I will do my best to help you understand. Also any counter-arguments are very welcome. Enjoy your day. Cheers.
NIFTYBANK D1. Stay bearish till the end of OctMarket highly probable turned down after violation of 38,760 local top. At the same time price confirmed bullish turn of all high-degree ZZs. Thus, current cutback is corrective segment of Red ZZ development with the most probable target at 36,000 reached approx by the 21st of Oct. After this further increase will continue from Nov 2022.
SPY Dancing On The Edge Of A CliffThe US markets are experiencing a unique capital shift at the moment. Foreign capital is pouring into the US equity markets and driving the US Dollar higher.
When this trend shifts - look out below.
I'm sending this warning to all traders/investors right now. Even though my research suggests we may see an extended rally phase lasting many years for the US markets - any global crisis event (think China/Asia/Russia) could blow a hole in the support we are seeing right now.
In other words, stay cautious, use stops, play the trend as very fragile and possibly strengthening over time.
My research focused on broad cycle patterns and suggests a big cycle event will take place in the second half of 2022. After that, the next big cycle event is more than 4+ years away.
That means we have quite a bit of time to trend, or move into a disruptive phase, over the next 4+ years.
Pay attention.
ASTS bearish wave countI will stay away from earning as we approach a critical cycle date as well. Every 70 days we have a flip, and after 3 flips we have a consolidation period of ~140 days. I am expecting a selling event to take place, I don't know what will be, maybe an offering, maybe sell the news... The tricky part is that we are many retailers here and as is well-known institutions will want to participate and have the best price possible. Although if we go above 13.20 will be very bullish as we will invalidate the bearish count. Good luck to all of you!
Crude Oil. Its dynamic/ Astro cycle. 11/ August/22 “Crude” Oil. The “mother/father” of “all” inflations probably on its last “leg up” soon @ around 87.98 toward around 118..So..So..All stocks/equities market will probably “end” its crashes ONLY around last quarter of 2022. P/S Crude Oil movement is “governed” by planet Saturn and Neptune. The Purple 7, 8 ( dynamic cycle ) are based on “cycle” counts with “statistics “...
RRR CYCLE POP already started on the .80 gapThis is at the end of a cycle and a test to the cloud has already started. It will either touchback to the cloud and consolidate then take off.
Or it will fail and reaccumulate and retest as early as Tuesday
Option calls are around 1.65 at this level. For aug17th
Cycle pop has already been confirmed with the gap up of .80 this morning. Now it’s just a matter of if absorption was complete and they own enough of the float and if retail is on the right side of the fence to see this thing go
By ICantw84it
07.14.22
Iron ore miners to Bull hard Hey guys,
Good time to load up on iron ore miners who have been sold off recently but i dont see prices falling below that major long term support line it has bounced off.
This chart is part of my thesis on the Inflation cycle to calm down over the next few months but as commodities like iron ore, copper, Oil etc start to bull again as people still have cash at hand to deploy as prices come back down. The Bullwhip effect has certainly started with retailers increasing stock by +25% while sales Revenue only increases by 3% something that confirms prices have started to fall but Major support being hit here and in other commodity showing people are back to buying and the commodities will lead the way back up starting the next wave of inflation that will hit a higher peak then current levels.
The Magic of Cycles - Part IIThis chart reviews the four major cycles affecting humanity, being the:
- Kondratieff Cycle;
- Strauss-Howe Generations Cycle;
- W.D. Gann Property Cycle; and
- Solar Cycle.
I contrast these cycles with Global events of the time, the price of Gold, the US M2 monetary aggregate, and US Interest rates.
My commentary on the chart is available on Patreon for free. Enjoy!
BTCUSD - Multi-Cycle Main TrendlinesBottom is top and top is bottom?
Observations from the BTCUSD monthly chart
+ Decreasing angles of long term upward trendlines shows diminishing returns.
+ Price crossing down through current cycle's upward trendline indicates current cycle is ending.
+ Previous cycle's upward trendline becomes next cycle's top.
What have I missed? Comments down below. Thanks.
Gold. I’m reholding bigger cup’s handle tighter. 16/July/22.Gold. I’m “ re- holding” my bigger golden cup’s handle ideas “tighter” with 2 reason at chart. Sorry unlike Conventional Technical Analysis e.g RSI, MACD, MA or support/resistance, today I gonna talk about the ideas/ concepts of cycle on charts which is the x- axis of any charts. just to “find” the “probability “ of gold’s next “moves”..