PeterLBrandt

PeterLBrandt

Typically the upside breakout of an ascending triangle will travel 1X to 2X in distance equal to the height of the triangle at its widest point. This would imply an advance toward 86 and possibly toward 88. $USD/INR. The best way to play this is with Singapore futures IMO

PeterLBrandt

A bullish chart pattern has been completed by today's rally. This week's low is my defensive point in long positions.

PeterLBrandt

Target would represent a 25% gain in the ETF. Wait for the breakout, then pounce

PeterLBrandt

Cathie Woods was the wonder lady/girl/woman/female of Wall Street a few years ago, prior to an 82% stock price correction which made her a candidate for the GOAT (the actual animal). But I am now interested in owning the shares of her company.

PeterLBrandt

I really do not want to chase this rally here, but a bottom of significance is in place. Periods of short term weakness can be used to purchase BITSTAMP:BCHUSD

PeterLBrandt

Even after hundreds of other junk coins have been introduced. Cream rises to the top always, and there is no creamier cream than Bitcoin.

PeterLBrandt

The multi-year base in Coffee, if this is a correct chart diagnosis, could send Coffee into the troposphere. Seldom have we seen "life-of-contract" multi year bases, but this could be one

PeterLBrandt

The massive ascending triangle completed in Mar 2023 has met its 1X target at 275,000 Yen per Oz. It is quite common for such a large pattern to eventually fulfill a 2X target. The daily chart is coiling into a pennant that should be resolved by an upside breakout. Tactically my trade is to buy Gold futures and sell Yen futures with an approximately equal USD value.

PeterLBrandt

The daily chart displays a rare compound fulcrum. This chart looks very constructive

PeterLBrandt

The bear market rally in Bonds concluded with a rising wedge. The pattern would indicate a return to the lows, which is exactly what the Fed should force. The view that the Fed has turned dovish is incorrect. The Fed fully understands (or hopefully so) that a moderate or even severe recession is far better for the U.S. long-term than would be the cessation of...

PeterLBrandt

According to Edwards and Magee, Technical Analysis of Stock Trends, 1948, the expanding or inverted triangle is typically a bearish manifestation. While in the case of Bitcoin I do not think the pattern will produce a bear market, I do think that the advance from the early Jan low has gotten ahead of itself. I would anticipate a broad trading range at this time.

PeterLBrandt

I had wanted a better formed right shoulder for the H&S bottom in Bitcoin, but the current RS is acceptable. However, in that the RS is stunted, a breakout could then chop around at the neckline for a time.

PeterLBrandt

The chart of Gold expressed in Japanese Yen has remained in a very tight weekly closing price range of 7% for almost a year. The boundaries are clear as an ascending triangle. This is a trade I will lean into hard by buying Gold and either selling Yen futures or buying USDJPY spot in approximately equal USD values. JCB will continue to inject money into the...

PeterLBrandt

Whichever way this pattern is resolved should set the direction and magnitude of ensuing trend.

PeterLBrandt

Advance in Asia on Monday completed a H&S top failure buy signal

PeterLBrandt

Perhaps the decline on Feb 9 was the start of a milder correction. Perhaps it was the start of major correction or even the recommencement of the previous bear trend. Even if the decline was part of a milder correction, it is almost NEVER that just one hard down red candle ends the correction. So, at a minimum I would expect another hard down candle.

PeterLBrandt

The correct interpretation of the bottom in Bitcoin is a double walled fulcrum, bordering on a compound fulcrum. This is an EXTREMELY rare chart construction. The initial target of 25,500 is within striking distance, and it is EXTREMELY important for Bitcoin to reach this level quickly, lest severe testing the fulcrum could occur.

PeterLBrandt

Factor Prop account went long at the bear trap and we took what equates to 1/3rd profits at these levels. We will remain alert for a proper correction. Our long term target in Gold is 3,000-plus based on a monthly chart Cup and Handle.