Tesla looks like what Pton did before its collapse, albeit different timeframes.
its done, it is over, no other way to put it, time for a new paradigm
$TTEK looks a lot like a hyperwave although the 5 and 6 is a little fast and fakeout below 2. But I have a very bearish bias going with this because of fundamental reasons.
Gold: Socialist utopia idea. CBDCs are a sure way to create rampant inflation.
Oil idea: stock market crash into ESG supply shock
$SILJ and $AEM calls are my weapon of choice
I think bear is most likely but have to retest the Tesla pump before higher IMO
after yesterday's buy back I suspect up is now the path of least resistance, I might consider adding more silver leverage once we get back in my range but already heavily invested in silver miners at this stage.
In the 1st pattern, from the low until the breakout candle is 114 days followed by $11.5 increase in price. From the next low we had 151 days of consolidation until today, which I am assuming is a BO. 151 days is 1.32x longer than 114. So as a crude way to estimate the target of this move: (11.5 x 1.32) + 27.8 = $42.98 target for silver? This is almost identical...
considering fading it here, also already long gold miners and tech.
Ok so I pretty much nailed the bottom call of the November low but thought that was it. I was wrong, we broke the lows, but the move we have had below these lows in recent weeks has a lot of momentum to it, looks like a climax panic selling bottom to me. I may end up being too early calling a bottom here but I don't think I will be wrong in that the eventual...
People are quite excited about uranium and hating on oil stocks. I see Uranium futures losing support, Cameco directors dumping their shares, premiums on calls on Robin Hood.. Meanwhile, Oil prices are rallying, Texas oil offline, about 40% of US production and what sounds like serious supply chain issues. I am seeing experienced commodity traders hating on oil...
Commodity inflation is here, $USOIL is breaking out of the generational bearmarket and this is THE GENERATIONAL LONG. $SU Suncor Energy has exposure to the oil sands which I think means the margins are possibly lower and they are more hated for environmental reasons? - This is what the chart suggests. The slingshot higher should melt faces as all the flows pour...