If this breaks out of the rectangular ABCDE pattern and breeches the yellow line, then we could have a breakout with legs. Who knows how far up it could go?
IF the trend line is broken then we have a potential head and shoulders formation and the US 10 Year could be set to rise.
Looks like a head and shoulders bottom for BTC as the neck line is broken to the upside. If it gets over $40K soon, there could be a nice run ahead. Get out of bed B. Goooo.
Especially if you just closed on a mortgage in October or November of 2018, you should call a Mortgage Lender now to compare rates. You may be shocked to learn how much you could save in interest over the life of the loan. For example, 0.5% lower rate x $300K loan balance is approximately $1,500 annually. Think about how long you may have your mortgage and the...
Short term we do not have a crystal ball to know what the rates will do; however, if we project out the timing band of the Intermediate Cycle Lows, we can project that the next ICL will occur as indicated by the blue arrow labeled as "Right shoulder". Rates could go up or down for the next year, but the projection is that they will roll over eventually and head...
Using Cycle Analysis we can see multiple Intermediate Cycle Lows (ICL) of about 4 to 5 years in duration with the next one due in the second half of 2020. The next event that will signal the direction of rates is if the 10 YR Bond breaks the upward cycle trend line from the last ICL. This could occur two ways: the bond moves sideways and breaks the trendline in...
Over 80% discount off all time highs and now hitting the Fib 61% retracement of a potential 1-2-3-4-5 Elliott wave advance on wave 2 bottom poised to hit wave 3. Plus, bitcoin is coming off potential right shoulder and this could propel Hive higher. Do your own due diligence.
Reversal possible off lower E into the holiday weekend as the shorts have had their fill smashing gold. Now they will load up and go the other way for several months is my guess. The miners should lead the way as they did not break down like gold did which shows positive strength. IMO>
The breakout to the south of the ABCDE triangle could be reversing very soon, as the longs have been scared out of their shares in a multi-day bloodbath, and now it is time to load up before the reversal. The mining shares have diverged from gold itself, as the same pattern is present in GDX, but sans bloodbath breakdown. If gold reverses into the triangle, the...
If you are contemplating whether to lock a mortgage interest rate, consider the chart here. It appears to be knocking repeatedly on the 3% door and will eventually break through and rates will rise. Even if the consolidation dips to the C point, that may not be enough to trigger a rate decrease, but if so, lock it as it will quickly disappear as the rate goes...
While the gold miners are looking to finish the ABCDE triangle consolidation shortly, they still have not decided whether they will go lower to touch the E at the bottom of the triangle or break out early and leave E behind. Hi Ho Silver however, already gave us a fake breakout first, and has now gone down and touched the lower triangle point E. This is a buy...
Either the gold miners will drop to the bottom of the triangle consolidation before starting their next run, or they will break out of the triangle without touching point E. If the latter happens, watch for the fake out - break out. Otherwise, it may be a good time to catch this run while the stock market is in a sideways consolidation phase for a few months. I...
The 10 YR Treasury Note Yield appears to have met strong resistance near the 3.0 mark and is starting to roll over on the weekly charts. Notice the RSI above 70 and starting to hook downward. Every other time the RSI rolled over at or above 70 for the last decade, the trend was down shortly afterwards. The next likely support is at the 2.5 area, which by then...
The 10 year appears to want to either break above the resistance or take on more small trip down to the e wave on this a,b,c,d,e triangle. If it hits the lower triangle boundary and then bounces, then probability is greater that it will then break the upper resistance. So if you are looking to lock a rate, or float watch both triangle boundaries to see what...
JNUG completed an a,b,c,d,e correction before blasting higher with a wave 1 impulse move over the last few weeks. Short consolidation will form wave 2 correction before blasting higher again to around $30. Don't get spooked out of this mild correction. Blast forward and higher imminent IMO.
Notice the triangle fractals that produce a vertical flag pole run. Now after a run up, there appears to be another triangle consolidation forming a wave 4 down, which when done will launch another vertical wave 5 which should double the price from here. Not financial advice.
Verge has completed an a,b,c,d,e triangle correction and is ready to begin the powerful wave 3 that should take it quickly to at least double the current price and likely more, before pulling back a bit before continuing on to wave 5 and going even higher. This is not investment advice and I am not a financial advisor.
The triangle breakout is coming soon as the abcde triangle pattern has formed. The target is more than a double in the short run.