oe123

oe123

With the view from Tom Lee of Fundstradt he believes the Russell will hit an ATH of 3000 by summers end and I believe he is correct. For the month of August a 15% climb or more is in the cards for August. A near term trade. The technicals are in place for a near term trade.

oe123

Short term rally headed up. At the top of this rally will be a look out point for a short position.

oe123

Whether price action travels up or down there is always profit to remove from the table. Knowing which technicals are correct to identify is paramount to trade success.

oe123

I believe we will see the high again as the trend is clearly up. We might even go just pass the high for this trade. Regardless I have marked a textbook measured move to the target by the Sept date mentioned on the chart. This is a trade ready to profit.

oe123

How you measure is from the deepest part of the middle trough. Then place that line from support down. And that folks is your measured target if the current situation were to play out. Same formation for the weekly and monthly charts. Since BTC is here to stay and this scenario were to play out this would give the second buying opportunity of a lifetime to buy in...

oe123

Take a look at the pattern which would indicate a furtherance of upward movement. I agree. Price may come down to test the lower line of the pennant formation and you could expect that. if price continues to bounce off of the lower line of the pennant I will remain bullish.

oe123

Buying dips are opportunities for the long term. What is your target for 2021 and beyond?

oe123

As colder weather begins to set in, seasonal demand for nat gas will increase as you saw in anticipation over Sunday's gap up in price.

oe123

Nat gas futures in the November contract hits the 50ma. Target to fill gap is 3.048. The 50ma this year has been an important and consistent indicator for this market. Now we wait. Even if the markets drops a bit lower, prices are carving out a bottom for the seasonal pop. I am long.

oe123

The October nat gas contract is overbought suggesting a correction. Support is found at the 2.50 price. If price reaches that support buyers may find interest. If price breaks through support we may find prices reaching towards 2.338. Warmer temperatures are predicted to firm up through the month of Oct. Prices are currently within supply marked by the yellow...

oe123

BTC continues to test the neckline and support areas with a newly forming secondary formation, the bear pennant. Formation suggests continuing price declines. Once prices break support look for the fall to be heavy and deep. First target projection 7555 approximate.

oe123

Price is currently testing the neckline. Just beneath we have support. Once price breaks below those areas the fall would be heavy and steady and to the target with respect to the rules of pattern formation and target projection. You currently have what is referred to as a head and shoulders pattern.

oe123

For this analysis measured target is approximately 5365.

oe123

The broadening wedge descending is a bullish pattern by technical rule with an 83% chance to meet target.

oe123

Watch the bottom. Price may be building a base. Simple enough.

oe123 Updated 

Prices are not quite overbought but close. When price breaks current resistance, look for prices to descend through green arrow targets.

oe123

Study the chart.

oe123

Price has broken through major support. Also notice the death dross forming up. Breaking through 64. support look for 62 next before recovery.