A buy Fractal was generated at $45.58 (Green box). Afterwards..... There was sideways action for two hours and then the price surged upwards, beyond the wedge. Currently, all three top indicators are strong. This morning I was more bearish than bullish. I was waiting for a sell Fractal as confirmation. Look at the one red bar at 9 AM (CHOP ZONE below chart). This...
Update Of Chart Published Two Hours Ago: The Lady Or The Tiger? There are five signs the price movement will go lower: 1. RSI/ Stochastic (top indicator) has rolled over and is heading lower; 2. MACD 5/34 (middle indicator) has rolled over and is heading lower, bearish cross, and histogram of same is below zero line; 3. Phase energy (lower indicator) has three...
Update From Labor Day (Is the paint dry yet?): BTCUSD-is slowly rising. You might describe the action as "crawling upwards". Watching grass grow or paint drying. In fact-you might say-BTCUSD is advancing at turtle speed. If you are long, here are the positives: 1. Currently multiple buy Fractals (highlighted in green box). 2. The lower indicators under the chart...
MaryJane posed an interesting question. Is this a bearish wedge? Is is bullish or bearish? Is it the "Lady or the Tiger?" As I view the chart the indicators are 50-50. You can make a case for the bull side. You can make a case for the bear side. My opinion is..... 1. The RSI/ Stochastic is over-bought; 2. The CHOP reading (under chart) is in the shaded area,...
BTCUSD-is slowly rising. You might describe the action as "crawling upwards". In fact-you might say-BTCUSD is advancing at turtle speed. If you are long, here are the positives: 1. Currently multiple buy Fractals (highlighted in green box). 2. The lower indicators under the chart are CHOP/ Chop Zone; readings below the shaded area (38.2) indicate a strong...
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Yesterday morning (Labor Day) I wrote the for-BTCUSD: You would expect a pullback after a nice gain, but wait for a sell Fractal. Why? Here are the positives: 1. Currently multiple buy Fractals (highlighted in green box). 2. The lower indicators under the chart are CHOP/ Chop Zone; readings below the shaded area (38.2) indicate a strong trend. The solid green...
You would expect a pullback after a nice gain, but wait for a sell Fractal. Why? Here are the positives: 1. Currently multiple buy Fractals (highlighted in green box). 2. The lower indicators under the chart are CHOP and Chop Zone; readings below the shaded area (38.2) indicate a strong trend. The solid green indicates up. 3. The top lower indicator is phase...
This is the third chart I am publishing relating to Light-Crude-Oil-Futures. This one is for-US-Oil. (The second one was for the oil-service sector, which is heading down). All three are very weak on the technical charts. It stands to reason that if Light-Crude-Oil is going to sell down, the oil-service sector and US-Oil will be weak also. All would confirm each...
I am publishing this chart on the oil-service-sector-ETF-OIH. It stands to reason that if Light-Crude-Oil is going to sell down, the oil-service-sector will be weak also. One would confirm the other. Just as with Light-Crude-Oil-Futures, There are many sell signals. 1. Sell Fractals in effect (rectangles on chart). 2. Alligator jaws opened in tandem with sell...
There are many sell signals. 1. Sell Fractals in effect (rectangles on chart). 2. Alligator jaws opened in tandem with sell Fractal. 3. Chop indicator (under chart) (indicates a trend or choppy action) is below the 38.2 shaded area. This indicates a strong trend coming that is down. 4. Phase energy (lower top indicator) is heading higher because of short-term...
This morning I commented that Light-Crude-Oil was likely to rally to 44.28. This would be a 50% retracement. My comments this morning were.... The 15 minute chart I looked at was slightly rising, but the strength of the trend was neutral, not strong. I looked for any new buy fractals on the 15-30-45 minute charts and saw none. When I looked at a one hour, two...
MNR-had a very strong gap open today, surging approximately 4.5%. Here are the positives: 1. Currently multiple buy Fractals (highlighted in green boxes). Note: four of the sell Fractals afterwards are not valid as they came with prices above alligator's jaw. 2. The lower indicator under the chart is CHOP; readings below the shaded area (38.2) indicate a strong...
STWD-had a very strong gap up move at the open. Here are the positives: 1. Currently multiple buy Fractals (highlighted in green boxes). Note: the sell Fractals afterwards are not valid as they came with prices above alligator's jaw. 2. The lower indicator under the chart is CHOP; readings below the shaded area (38.2) indicate a strong trend. The STWD-trend is...
The strong technicals that I published in BAC-are also very similar in-STWD. Here are the positives: 1. Currently multiple buy Fractals (highlighted in green boxes). Note: the sell Fractals afterwards are not valid as they came with prices above alligator's jaw. 2. The lower indicator under the chart is CHOP; readings below the shaded area (38.2) indicate a...
BAC-has remained strong. Here are the positives : 1. Currently multiple buy Fractals (highlighted in green box). Note: the sell Fractals afterwards are not valid as they came with prices above alligator's jaw. 2. The lower indicator under the chart is CHOP; readings below the shaded area (38.2) indicate a strong trend. 3. The top lower indicator is phase...