powdah

powdah

Silver monthly chart analysis indicates that since Jul 2020 bullish trend. Next major area of resistance if it breaks out of current bullish rectangle

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Last week PLL decisively broke above the recent resistance area of $75 - where the previous lower high was. On Friday, it printed a pinbar with possible setup for long on Tuesday when markets reopen. When looking at the broad structure out to weekly we can see clear bullish trend with possible wave 4 turning into wave 5 here. I like the potential to at least...

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As shown in the chart, BTC simply oscillating inside a consolidation following bearish momentum with recent lower highs. Looking for retest of $28k support and maybe break lower. Either way, swing trade long is out of play until BTC breaks out of most recent bearish structure. How will we know when to look for new longs? We will see a decisive break of most...

powdah

USD and US bond yields showing strength here with potential for flow out of riskier currency. As we look at AUDUSD daily chart, watching for a confirmation of this pullback to the break of the trendline and bearish momentum to continue for short position.

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Bought 5 share at .618, buy another 5 shares at 15.50 if it hits. Sell at at $56 Sell at $100

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PLTR broke first support and is now retracing a bit. Looking for next support at 0.5 and 0.618 area which also happen to be in the 50 day MA area. For swing trade set up we need the right area, right price action and then triggered buy of the confirmation. Right now all we have is anticipation and patience... and that is the start.

powdah Updated 

Happy holidays. On the look out for bearish breakout of this POTENTIAL rounding top pattern with rising wedge and bearish divergence on the RSI (daily). Confirmation would be an inside bar breakout of 12600. Stop loss on such an aggressive wing trade like this would be above 12825 area. Targets in the 12500, 12,200, 11,600 areas

powdah Updated 

When you go to CNBC and regularly see headlines about BTC rallies, you know that there is some over exuberance. Chart tells me the same thing. Clearly bullish but not a time to be buying. Recent breakout certainly offered opportunity but still too aggressive and risky for my tolerance. Therefore I am watching the 27500 area for reversal and then a retrace to the...

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Looking at the broader picture of Gold wave 5 of the macro EW cycle. I see two general scenarios, both suggest that we are in a final wave 5. The first scenario is that we are still in wave 3 of that final wave. The second scenario is that we are entering wave 5 of that final wave. Obviously don't know this information until after the fact Key take home from...

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target 0.94, SL 0.785

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SL below hammer wick

powdah

what do you think guys? looks like a buy to me.

powdah Updated 

Watching APHA develop a bullish structure off of a historic support. Outside bar on 12/31/19 followed be retest of 4.50 region was supported with buys. Addtional bullish signs include a bullish RSI divergence on daily, potential inverse H&S formation on daily (incomplete), and upward break of downward trendline. Targets in green dotted line with red dotted stop...

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Remdesivir and Coronavirus catalyst fundamental may take the this into larger wave 5? Local support in $60 range.

powdah

HSGX put up an engulfing bullish candle with strong movement after closing time. Could be a second higher low with bullish trend. Stop loss below 0.15 and targets drawn out. still dipped down below the 50 MA so will see what this week brings.

powdah

$3.28 is at the 0.618 mark of wave 1 length for wave 5, next area of support is in the $1.20s... RSI already been in oversold for awhile with possible bullish formation of bullish divergence (higher low on RSI with lower lower in price). Morning star forming on weekly chart (wait for Friday close), hammer on daily on 6/19. Strong rating on E trade with "strong...

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I'm thinking of one way that this can play out before I am convinced we will go up from here

powdah Updated 

Wondering if we will get a test of the neckline of the recent H&S top pattern or 100 day MA on the weekly, similar to early May 2008 before the subsequent bear market.