Gold probably forming an expanding triangle in wave B ( yellow) where breakout traders might “get caught” by “bull trap”..
Gold probably forming a “contracting triangle “ in wave B (yellow) now. As previous wave A ( yellow) is a leading diagonal wave form so probably 1 more big leg down toward 1680. +/-
It’s not that just UN are “pushing” “carbon free energies”. The “emerging or existing” Billionaire/Trillionaire capitalists are “investing” heavily on “clean energy”.. So any “logic” to let their “heavy big investment” “go to vein”?!
Checking from SPX’s latest price “Speed/z-factor”. We probably having a very bullish triangle pattern! . Where SP500 will be trending up until end of 2023!
So what next when Warren Buffett “dumping” > 80% of his TSM’s holding?. Maybe it’s not a good “timing” for “buy and hold” strategy for coming this few years but rather than “See money take money first?”..
Long KLCI @ 1408 +/- on around March/April. Probably last “chance” to “accumulate” blue “cheap/chips” stocks! But probably not Banking Stocks.
Hartalega. For its past 3 dynamic cycle ( no. 2 purple) always near the blue vertical dotted line. So.so...So!!! Hartalega having “high probability” trending up until end of 2023 min for next cycle no. 2 (purple).
Gold. It seem like gold have last “chance” to “hedge” against not just “inflation” But “equities market”.. As “spx/gold “ ratio having “rare divergence “ when having “high inflation and high rate “ on “rare occasion” @ the same time.
Hartalega As Topglove And supermx possible forming a triangle BUT a variant as cup and handle or VCP pattern.
Supermx like Topglove is forming a bullish triangle. abcde ( Red Circled)..
Topglove is forming a bullish triangle pattern abcde ( Red Circled).
CIMB came closed to its all time high price @ 6.180....Rate hiking “temporarily” halted?..Or?...
SPX Probably forming a “flattering” weekly 233 EMA ( thick white ). Where SPX’s price kept ( within 3680 - 6000) a big “ranging market” in “triangle”. So.. as most “big cap stocks” e.g AAPL,Microsoft, Meta ( Facebook) but maybe not Tesla..
As the chart is BTCUSD/NQ ratio chart. once we saw breakout of wedge pattern we might see “wall-street” “dumping” “NASDAQ” stocks with one 1 single BTCUSD?!
Bitcoin’s 18500 +/- is confluence of :- 1) trend line (cyan) 2) Right shoulder or reversed head& shoulder pattern 3) Demand Zone ( Cyan rectangle )
Bitcoin with price breaking last previous high on 2 Feb 2023. I have to review my previous analysis. Wait for my next lower time chart e.g daily chart in further detail for where to enter long positions.
Gold possible forming an expanding flat abc (green circled) in wave B (yellow).
Gold probably forming an running flat pattern abc ( green circled) in wave B (yellow). Short gold @ 1886 +/-..