


If we go over that line 400ma 4hours is a target to go back to lower channel the parallel channel was on place for the last 10years
Its been overbought weekly and daily, nice rally but probably ready to go back to 5$ again Recession is coming and Avid wont go against the wind. when you dont look at it this way it seems to want to go to the moon sometimes but really it follow that gigantic down fork since forever.
im practicing my knowledge of charts on stuff i don't trade si i can have no bias. gold range seems on a Gann Fan since 1998, now is just overbought RSI, but their is gonna be action still i you buy gold, you will stay in a 1400-2000$ range for the next year and basically be at the same point (1700$) then. after a year its gonna be time to revalue all that.
i think i never published anything on YM but i consult it every day now futures sometimes gives you noises lets see with a wider range gann fan is always better in a bullish move since everybody says markets only go up but its a very good indicator for predicting levels it could reach if something happened interest rates are at zéro, dept at a record high, covid...
USDCAD Im very bad at predictions NORMAL RESISTENCE/SUPPORT IS GREEN LINE OVER THAT IS BULLISH TERRITORY UNDER IS BEARISH TERRITORY to go up VOLUME HAS TO BE OVER 5K RSI HAS TO BE BETWEEN 28 AND 70, 44+ IS VERY BULLISH WHEN TOUCHING 400MA over green line, this is gambling short term between 200ma and 400ma is a healty normal goal inside triangle, is a safe...
NQ is at RSI 80 again, touches pitchfork Median never went over it for the last ten years When the bubble blows be ready for a RSI 40 and a drop from that pitchfork, far away.
Listen artificialy this can go on but you know the economy is not the market but its ralated somehow and you know everything is priced in and you know US dept is never coming back 400ma is touched when shit goes down so 60$ is a target, but we'll have to go through 39$ like always first last wave was a test, we didn't make it i may be wrong, like always
SDOW 4H Im very bad at predictions NORMAL RESISTENCE/SUPPORT IS GREEN LINE OVER THAT IS BULLISH TERRITORY UNDER IS BEARISH TERRITORY to go up VOLUME HAS TO BE OVER 340K RSI HAS TO BE BETWEEN 35 AND 70, 57+ IS VERY BULLISH WHEN TOUCHING 400MA over green line, this is gambling short term between 200ma and 400ma is a healty normal goal inside triangle, is a safe...
SPXU 4H im bad at predictions dont follow these to go up VOLUME HAS TO BE OVER 1.2M RSI HAS TO BE BETWEEN 33 AND 75, 47 IS VERY BULLISH NORMAL RESISTENCE/SUPPORT IS GREEN LINE OVER THAT IS BULLISH TERRITORY UNDER IS BEARISH TERRITORY WHEN TOUCHING 400MA over green line, this is gambling short term between 200ma and 400ma is a healty normal goal inside triangle,...
This is the Gann Fan that could indicate tomorrow's range Lets see were it going and then deal with the fact that no one knows nothing ever
So i draw that Gann Fan back when oil went to zero now look at when we touched 8/1 what happenned RSI dropped and volume is up its all going downhill from here like usual, that is probably gonna be a bad prediction
So ES has been in that up move since JUNE so the drop will be more intense and faster it has not breath for long so go short till we get to that 8/1 gann Fan and then see what's next. DONT TAKE MY WORD FOR IT
To see if this move down is serious you need to go at that 1/8 Gann Fan first. witch is 200 points down.
My POV says RTY is going pretty fast to that 1/8 GannFan line. dont take my word for it
RTY is the most rationnal index in my opinion, closer to the economy it lacks of power for days now, and my opinion is that you should look at it to predict the next moves. Daily RSI is way to high and needs drop at some point.
Now Penn can go on and stay on that channel, but eventually it will touch lower channel with RSI down also that's your target for the next weeks
Every time RSI went around the 73 line, price went to 200MA presently 200MA is at 16$ so be ready
So Lumber is acting weird never looked at it before so i went back and looks like the move will stay here but did his main push, next step is not another 100-200$ move like the last weeks RSI went to his max already 2 times