A predictable setup for a Junior Miner given the bullish setup as evidenced with other charts of Gold against various assets including but not limited to the Dollar. Reasonable price targets would be anywhere from 0.23-0.52c (AUD). This is as much speculative bet on Gold as it is on the stock (perhaps even more so). As indicated by both the Chart timeframe...
As the DXY appears to have marked the beginnings of a relief rally following exhaustive sell pressure and Friday's strong close. Copper looks to see a continuation of the Bear Flag setup.
This move would likely mark the second leg of the Bear Market a severe recession which is my working hypothesis as the substantial rate of hikes from the Fed has yet to...
The Bear market in Platinum characterised by a 15 year downtrend in a Descending triangle formation has broken out a second time (first being a headfake) coupled with the severe historical undervaluation when comparing against M2 strengthens the idea of a renewed bull market past $3000 over the next 3-5 years if historical bull markets are anything to go...
Wyckoff accumulation phase has ended. Absence of Test and LS phase compensated by the broader market context which shows a significant pullback from Local High. As for entry price a good zone would be the confluence between the 20 Day moving average which is showing confluence with the previous resistance zone.
This idea is posted with sole intention of education and is NOT financial advice*
It has been awhile since I've posted an idea but with the surge in NIO share price we've since experienced a pullback. Using Wyckoff analysis shows a distribution phase which has lasted close to two months. Of things to note include the conspicuous absence of a test and LS phase....
Short post of signs of a potential correction. This is not a prediction so I do NOT advise you to place a pre-emptive short. Not Financial Advice but it's good practice to wait for confirmations (so far we have not seen one).
Following on from the previous post. Bitcoin broke out of a descending triangle pattern and quickly re-established the 8hr bull market...
The 8hr timezone shows the moving average acting as a reliable support during upward momentum phases (Green). The yellow boxes indicate the times when price holds the moving average as support. Orange boxes indicate where the majority of the candle body shape closes below the trend shifts from upward momentum towards consolidation. Currently we have broken out of...
