RedRum3X

RedRum3X Updated 

Here are the possible Scenarios. 1. We might have a head and shoulder within a head and shoulder and got to around 96500 flag. 2. We might short squeeze to top of channel and go to 100k range. And above that might break out of fall back down below and out of the channel. 3. Below the 91321 flag/level we could go down to the support shown below. The shady stuff...

RedRum3X

The 52208 is an important level. Needs to stay above for bull case otherwise bigger drop to levels indicated below .

RedRum3X

Shorting the Bitcoin to the cirlced price. We see the trend line hit, and we see the oversold on the rsi we are shorting !

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Short the Gold. S has appeared. Resistence can be seen, and the retrace is apparent barring some black swan news events

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Fib retrace and buy zone

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Once again, I showed you the dark purple resistance line prior. Notice that when we went over it in April we retraced back down. We are over it again and we are curving downward. If we cross it solidly I'm bearish .. its a good trade..if not we are bullish.

RedRum3X

Update on last s&p post... Please read the text...closing SOLIDLY above or below that wedge (no sell offs after hours) will determine direction

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Looks bearish still. Why? Yesterday we closed in lower end of purple downward channel, we closed under the 20 and 50 day MA and the channel is downward trend. Look at the behavior within this channel. If today are any day we close solidly above it will turn to bull, or else we are still bearish . This channel should guide you

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We have strong 2011 resistance line along the top shown purple. We broke that and close over it. We definitely getting back there. When ? Look for behavior in the channel drawn. That will show you short term where to go with it. If we bounce off the channel or tick up towards that 2011 line we are long, otherwise closing solidly under that channel look to go to...

RedRum3X

S&P Support and resistance lines and channels

RedRum3X

Just some support and resistance lines and some thoughts