This is macro analysis and shouldn't be traded upon, added to the fact that period of analysis is too short to make any reliable conclusion. POINT A = Market moves with gold, best moment to look for decoupling between the two, remaining unknown is direction. SP-TP closes the trade (signal) = Gold moves in the opposite direction of the market, this has resulted...
This is pure TA trade, fundamentals of company getting hit because of FDA, operations facing some challenges, not sure how it will play out but i am playing a bounce first target 2.79 and second gap fill 4.85 with respectively 190% and 421% returns. Another in my watchlist is CTIC who has better perspective with 1 year base building below 2 dollars and a lot of...
This is a chart i posted not too long ago, advising to buy as soon as prices cross green box (50% FIBO) Amazing how the targets were met at each step of the way and even where prices closed today's session : Fibonacci extension...you can see the extension drawn from previous posted charts Some divergence here so i would recommend to wait until initiating any...
1450-1500 : upper trendline of trending channel
Has to stay above supports levels, otherwise deal is off
The frame for a correction is already here, but prices did not choose to correct yet, maybe a FOMC sell the news tyoe of blow off top is in the cards, levels to watch are 177 and 179, Cheers!
I believe metals and miners are ready to have a breakout. My plan is simple, buy on this pullback played by short term overbought levels caused by mixed factors. The area in question is green on the chart, I believe that as soon as breaks above the orange area prices could have a very good run on the upside, My targets are A-B-C, prices may experience swings...
Prices have a very important reversal level at 175-176 and 179-180, we can deduct those levels from 4h to weekly time frames. today's price action did not confirm the potential reversal and correction YET. This is a red flag and if prices trade above 175 we should be looking for next short term resistance 176.50 and 177, and after 179 BUT, The BBand study will...