VineyardWave

VineyardWave Dec 3, 2024

Analyzing Soybean Oil CBOT:ZL1! on a monthly chart, my focus is on WisdomTree Soybean Oil LSE:SOYO on the LSE. Here's the rundown: Bullish Surge: Prices skyrocketed by 281% from 2020 to 2022! Pullback: A retracement to the 61.8% Fibonacci level occurred from 2022-2024. Pattern Alert: Spotted a classic Head and Shoulders, key for forecasting. ...

VineyardWave Dec 2, 2024

Let's look at Fibonacci levels. The attached chart, on a logarithmic scale, spans over 50 years - that's huge! The market just bounced from the 61.8% level, confirming that the bulls are still alive. Let's switch to a lower timeframe in the next post to see if anything interesting is happening there.

VineyardWave Dec 2, 2024

Soybean Oil: - 1970-1974: Prices rose from $8.6 to $48 = ~ 450% increase - 1974-2000: Sideways movement between $15-$40 - 2000-2008: Bull market, prices surged from $15 to $70 = ~ 350% increase - 2008-2020: Retracement to $25 - 2020-2022: Another bull market, prices went up from $25 to $87 = ~ 250% increase - 2022-2024: Retracement to $38 But has...

VineyardWave Dec 1, 2024

Key observations on the TEC DAX chart: - Fibonacci resistance on a major timeframe. - Bullish flag formation . How these elements interact: Since peaking in November 2021, TEC DAX has undergone a correction, with the market closely respecting the 61.8% Fibonacci resistance level. This level acts as a pivotal line, distinguishing between bullish and bearish...

VineyardWave Dec 1, 2024

When observing the DAX INDEX XETR:DAX on a weekly timeframe, identifying a clear pattern is challenging. However, check out the TEC DAX XETR:TDXP , which is closely correlated. You'll notice a clear bullish flag pattern forming, and we're nearing its upper band. Once this pattern activates, expect an upward surge for both indices. The bull market is still very...

VineyardWave Nov 30, 2024

We've seen a correction retracing over 61.8% of the prior uptrend. Does this signal a bear market? Not necessarily. Early bull markets can see deep corrections, but as long as the 61.8% level holds, the bull market is still going, just not at full strength. Look closer at the chart. In the past, many were trapped selling below this support, expecting a downturn,...

VineyardWave Nov 30, 2024

Check out XETR:DBXJ - draw the same lines you see here. The outlook is clear: once the market breaks out of the rectangle upwards, it's a bullish entry signal. But that's not the whole story! If CME:NKD1! climbs higher, we're looking at all-time highs, surpassing 1989 levels. After that? The sky's the limit!

VineyardWave Nov 30, 2024

Notice the bullish formation drawing on the Japanese stock market on the weekly timeframe! An up breakout will confirm it's time to ride this bull. But there's more! Don't forget the big picture. The Nikkei 225 is close to breaking its all-time highs from 1989, which would be a massively bullish signal. Keep an eye on this!

VineyardWave Nov 30, 2024

Spotting a classic Cup & Handle on NYSE:BABA ? Looks like a very early buy signal to me. Confirmed if we go higher.