Mega Macro Looking Strong..I haven't done an analysis recently, perhaps time I get back into it.
Here's a "Geometric" technique I like to use. This chart features Weekly Bars. The Bars are colored 1 of 4 ways.
Green = Bullish (HH and HL)
Yellow = Inside (LH and HL)
Blue = Engulfing (HH and LL)
Red = Bearish (LH and LL).
The paler red lines are Quarterly lines. The deeper red lines are Yearly lines. Dotted lines indicate a projection based off of 2 closed timeframes. Dashed lines use the most recently closed timeframe, as well as the currently building timeframe, to make their projection (so they're ... incomplete, not locked in etc).
After our MEGA BULL YEAR in 2017, we've put in two consecutive Inside Years. So consolidation. We've now broken out of the 2018-2019 Projected Resistance, to a significant degree.
Pullback are to be expected, but they're for buying until proven otherwise.
This is a MEGA Macro chart, I will post some other stuff shortly, with more relevant, real-time data.
As always, good luck, have fun, and practice solid risk management.
