


Paczcz
OANDA:XAUUSD is getting ready to break up, forming an ascending triangle at Weekly TF. Daily entries around 1280-1290 a couple of weeks ago (Golden Cross shown at chart), and today another signal show up at 1315 after breaking 2nd flag.
The Norway Goverment Pension Fund is going to liquidate some Oil & Gas positions. Top 10 Holdings include NYSE:XOM NYSE:CVX NYSE:COP NYSE:EOG NYSE:SLB NYSE:OXY NYSE:MRO NYSE:PSX NYSE:VLO and NYSE:APC . NYSE:APC was the worst performer of 2018 The Fund holds about 2 % of Shares, and want to liquidate. If $40.50 breaks down, Technically...
Short term idea, let´s see how this goes.
There is weakness in the semiconductor market, $NVDA has recently been underperforming peers, ASX:ASX , NASDAQ:INTC , NASDAQ:ATOM . The mayority of ratios are not good either, P/S, P/E, EV/EBITDA are way over Industry Average. Weak cryptocurrency demand of chips Suspension of test drives for driverless vehicles Uncertain macroeconomic environment...
Triangle Pattern detected here post last 100 bucks pump, if this breaks up first target is 3900 ish, break down scenario target is 3730 ish. Theres a possibility of price ranging between 3800 - 3860 for a couple days before a significant move.
Text book Pullback to Cross, let's see how this idea develop.
Here is my view of the so called "Bitcoin Bubble". Disclaimer: this may not be the end of corrective wave 3-4, market sentiment could push the price down to 3200 - 3400 zone before starting wave 5, a couple of days will tell. Levels in the chart.