Madrid

Madrid Wizard

$ATW has been showing a consistent upper trend for a very long time. Currently it is at the lower channel support line, just bouncing from the previous low pivot point. MACD Histogram is about to cross the Zero Line, which will give a buy signal, Stoch RSI shows an increasing momentum and the price has just crossed the both the 8ma and 144ma heading to the...

Madrid Wizard

If the current leg maintains its strength the $SPY will be heading to 1900 points in the next few weeks, and probably will be touching the upper trend channel at 1925. . Currently StochRSI is above 30% heading from Oversold to Overbought level, meanwhile the MACD Histogram is about to cross the Zero Line to the positive side, which are bullish signs. What is...

Madrid Wizard

COF started doing the dreaded H&s pattern when it had a retracement @68. Both shoulders are located @73 and the head @78.50. on February 18th, it closed with an evening star at the 0.76 Fibonacci retracement level that if confirmed by lower lows and lower highs from the next bar is a bearish sign. The MACD Histogram is forming a Peak and the Stochastics are at...

Madrid Wizard

After the Gold Bear Market, Gold found a Major support @1180, where it was able to make a double bottom after bouncing from its major resistance @1425 The breakout occurs after the price broke both, the 8ma and 21ma resistances, the 8ma crosses over the 21ma, and a MACD and price positive divergence occurs, which are all bull signs. The next Resistance will be...

Madrid Wizard

In the monthly chart a channel can be spotted with an upper channel line at the peak of both bull markets (2000 and 2013) This last Bull Market was overextended and the possibilities to gain momentum to break the channel are very slim if there is not a correction. In the Stochastic RSI it can be seen the overbought status and the loss of momentum, which are bearish signs.