MrAndroid

MrAndroid

This chart shows the convergence of up trend and down trend along with hitting a key level yesterday - the pre crash 2020 high. The up trend channel is very narrow and the price has just slipped below the support line.

MrAndroid

I think a sell of on Nasdaq is the most likely scenario for the coming weeks. Seeing the chart being in the top region of a channel downtrend and at the top of an ascending wedge pattern shown here.

MrAndroid

Looks like the S&P500 futures market has broken down out of its parallel channel up trend today. This was also a key level of resistance/support whcih the price is now under.

MrAndroid

BTC is in a broadening wedge pattern and today is retesting support. RSI shows divergence on momentum and volume is on a down trend for 2 weeks. Looks bearish.

MrAndroid

The gold chart looks increasingly bearish as the breakout failed and now a head and shoulders on a fairly strong support level can be drawn.

MrAndroid

Last week gold looked poised for a breakout but today things have deteriorated within a bearish rising wedge pattern I see a shooting star candle recently.

MrAndroid

This chart shows that 1 year yields are diverging in trend direction away from longer term yields. I don't know what this means but it looks very odd indeed. Markets appear to be betting that deflation is on the way.

MrAndroid

It topped in 2021. The very long term pattern is a bearish broadening wedge. Not looking very bullish.

MrAndroid

This downtrend in Silver looks poised for a breakout. We are talking about decades long chart patterns here.

MrAndroid

To me this looks like the perfect buy the dip price with a very nice bull flag. The crowd are buying the golden idea.

MrAndroid

The big pink trend line is a mid line of the very long term structure of broadening ascending wedge. The current chart pattern shown in yellow is that same pattern on a smaller scale. Leans bearish. Also volume declining as well as RSI momentum. I think the bitcoin rally is worn out. Watch out for a false breakout to the upside.

MrAndroid

DXY showing signs of weakness at a long term support zone added to which I can draw a head and shoulders bearish chart pattern here.

MrAndroid

This chart has a channel for the bull market since 2009 joining the low of 2009 with the low of 2020. It looks like a reasonably good fit at the top of the channel too apart from the 2021 top. The current situation looks to me like an attempt at a breakout from a down channel and also a triangle pattern (shown in yellow). Soon we should get some clarity as to...

MrAndroid

The Hong Kong dollar is confined to an extremely tight trading range by the central bank. The authorities have been able to maintain this peg for many years. Right now the dollar is trading right at the top of the range. If the peg breaks it would be notable.

MrAndroid

This chart of Korean Won shows a very clear rejection off a long term previous support area and there is today forming a right shoulder of a head and shoulders. One to watch.

MrAndroid

The last few days have seen the formation of a triangle pattern on the gold price. The context of this is a parallel channel up trend that looks like it could break out of the longer term down trend channel. In the really big picture you could see this as being a potential breakout of a cup and handle pattern.

MrAndroid

Fairly large rally yesterday but I see a resistance line right above this price, a declining volume trend and divergence on the RSI. Bearish.

MrAndroid

The chart shows that a breakout from a broadening descending wedge pattern reached its target which is a logical line of resistance. The last few sessions saw a warning very bearish candle which retested and failed to break out from that same line of resistance. I think now a reversal back down is the most likely scenario.