I am frequently asked about my opinion on investing in gold on current market prices. though I have already expressed my opinion on this subject multiple times, here is the answer from a different angle. Analysing gold on weekly we can quite easily identify key structure levels that are important for the market participants. Two major levels of support and...
hey traders, though we see some correctional movement on silver my outlook is still bearish . currently, the market is standing just beneath the major falling trendline . I expect that selling volumes will accumulate and we will see a bearish breakout of a bear flag . for us, it will be a perfect selling signal. Target level will be 17.0 Stop will be above...
WTI has clearly respected a key structure support level on a daily. we see a sequence of rejection/dodji/engulfing candles and rsi divergence as well. I have a bullish bias on WTI and currently hold a long position. My stop is 50 level but I have entered a few days earlier. Key levels for targets: 56.0 58.0 60.0 please, support the idea with like!)
potential short trade on spy. the market is very close to an important supply zone. this zone matches perfectly with the completion point of ABCD pattern. I will be looking for short 2940 - 2960 zone. T1 - 2895 T2 - 2840
gold currently is consolidation in a narrow trading range. most of the traders are waiting for a breakout to identify the market future direction. I am aiming at bearish breakout of a minor structure support to sell the market anticipating bearish continuation to 1417/1407 levels
I have recently shorted WTI: retest of the broken support. + on the daily RSI shows decent divergence being significantly overbought. T1 - 54.0 T2 - 51.5
hey guys, for those who missed a bullish breakout of 1278 support, you have a chance to catch a second bullish wave. market right now is trading in a falling parallel channel called a flag pattern. wait and buy a bullish breakout of this flag. target 1 - 1286 target 2 - 1289.5
Price has reached 3M demand on JD, triggered long here on the MN. This is a long term investment for me so I purchased the stock, will also be looking for an options trade if we start to see bullish moves on the WK chart. Price is way too low to think about shorts, longs only!
This is exactly why you dont buy after a huge rally! Price is losing steam, WK Demand and Support is broke now, WK in a downtrend, MN uptrend will be broke after this month. I will wait for price to retrace to the 3M demand area drawn here, or wait for new and strong bullish impulses to start showing up on the WK and MN charts. Patience!
Fresh WK Demand zone now available on GIS, will be looking to go long if price retraces to there. Long bias on a stock that is not at all time high's, hard to find right now :) Happy Trading All!
JPM reached WK Demand, price reacting to it, possible bullish engulf by end of day.
This is an SPX Chart that outlines historical trends and explain what could happen if SPX is consistent in its behavior during a crisis. To be able to predict the future one has to study the past. During the 2000 Internet Bubble & 2007 Financial Crisis S&P 500 shed about 50% of it's Value (in both crisis). And it fell to same support line which is between...
Using unusual volume and Option Expiration Fridays as pivot points to draw out 45 day and 7 day trend line cycles, I'm predicting that TSLA will have a retracement near the $269 price - correlated to the 50% Fibonacci Retracement overlay. I've drawn out a couple of 7-day cycle trends that are not biased validations. Stop Loss price at the previous support of...
A few of my previous charts on gold have been bearish, with initial targets around $1500-1400, which were then revised to suggest possibly as low as $1150. Well, it came close so, from a technical perspective; it did reach the zone I expected for a low, but the wave counts had not been clear enough to support a high degree of confidence. However, I think the...
Chesapeake Energy Corporation is engaged in the acquisition, exploration, and development of properties for the production of natural gas, oil, and natural gas liquids (NGL) from underground reservoirs in the United States. Biggies Guide to Writing Good Articles: CHK followed by short one sentence description of the company’s business area, product, operation....
Move, Inc. operates an online network of Websites for real estate search, finance, and moving and home enthusiasts in North America. MOVE is currently trading around $12.10 in a 52 week range of $9.91-$18.0036. The company’s stock has been underperforming the market this year with shares falling year to date. Options traders seem to think that this trend will...