moonman777

moonman777

Howdy folks its been a while, Wanted to come back and let all you good folks know that this is the top, the range that we are in is the top. I've been conflicted in my self confidence of decision making when it comes to trading and has been a shock. Almost like I lost sight of who I thought I was, that hurt my ego. We are not our ego though? We think we know...

moonman777

t\Thought this was interesting and wanted to share, going to provide not any commentary though wanted others to see as well. watch your positions

moonman777

alright folks, I'm not much acquainted with H&S patterns so if anyone knows if this looks to be invalidated due to the price action on the "head" I'm open for a discussion. if so, this seems to be a fun one to ride for a little. I'm seeing a possibility for a little bounce from the current level though mainly interested to see if this is valid or invalid. That's...

moonman777

im going to post something about the DXY here following this post though with the continued weakening of the dollar there is going to be plenty of room for the great metals of the earth to rise again. Personally in my opinion i think that this market has been artificially suppressed for far too long. Looking at the reddit group of wall street silver they are...

moonman777

This is a great tell tale for what is really going on in the economy and how development is really doing. You can see that from the 09' low to recent top on FIB levels that it bounced off the .618 level and looks to be at resistance on the .786. if earnings come out and there is a miss it will not be good as a indicator for the overall economy and also looks...

moonman777 Updated 

Watching the 3 mo and 2 year very closely. I think this is an indicator for a recession and not the 2 and 10's because it shows more that the short term risk is outweighing anything mid term. Everything is is wishy washy with definitions now a days lol but this is going to be the icing on the cake for confirmations. Looking at the dollar strength we had a little...

moonman777

looks better on the 5 min time frame and you can draw it out yourself but looks like wave 1 is completed and heading into wave 3. if indeed wave 2 is done. Dont do anything your mother wouldnt approve of That's all folks

moonman777

Here we are ladies and gents the pattern we have been waiting for and for me personally what i think will be the decoupling of traditional risk assets and this good chunk of software. I've been watching for anything that can come out of the wood works and i think we have found our area of capitulation. BTC hit the 50 EMA monthly and bounced right off that like a...

moonman777

Here we go ladies and gentleman, after calling the bottom and an unprecedented run up in the dollar we have a top for now. (tested the 2016 highs) This went a little over my initial projection though we can see that its finally confirmed (i think about 80%) that this is indeed the end of a great dollar era. as far as the impact on equities I think that we could...

moonman777 Updated 

Whats up guys haven't posted for a while, been too busy getting everything right in the markets.... kidding Seriously though things have been fun the past couple of months and can complain with work. on to the markets... There has been a nice bounce from the lows that looks to be coming to an end and the resume to the downside looks imminent. The accumulation...

moonman777

These were some interesting past couple of days trading this bear flag. I must admit I definitely got out of positions too early and missed out on some good gains though was still in the ultra positive as far as trades and my attitude at the end of the day haha. As the title says we hit a double at the top of this flag and bouncing off of the once long term...

moonman777

Bouncing very nicely off the 50 day moving average on the daily as well as testing the baseline of the head and shoulder that was broken down and out of. On top of that there is a good bear flag that has formed on the daily as well. same formation on the nasdaq and S&P right now as well. price target for the valid H&S is 23k. going to be a interesting week

moonman777

Thought this view was interesting. Looks like they are dancing a beautiful dance on their wedding night before Owen Wilson and Vince Vaughn come around. As of right now I think it"s safe to say they are somewhat correlated. Curious to see how this is going to play out. only time will tell, That's all folks

moonman777 Updated 

Here is an up close perspective on the 15 min chart showing the nice wedge that this is currently in. usually this is my most reliable pattern that plays out and can be in for a 1-2% drop starting EOD or tomorrow and possibly going to EOW. indicators on the more macro level are all primed for this type of move so only time will tell, that's all folks

moonman777 Updated 

This is an inspiration post because I haven't posted about BTC in a while because of the correlations in other macro factors, but I was chatting with someone about the H&S that was drawn up and they were looking for the right shoulder still. To my unbeknowst I didn't see it was a weekly chart and that's why it didn't match up with my chart. so here we...

moonman777

here folks we have a double top on copper and when looking at the DXY weakness this makes sense with the little push we are getting though this is seemingly weak compared to the magnitude of the DXY move. This leads me to believe that we'll see a reversal on DXY soon or we just invalidate this weekly double top and push higher

moonman777

Again found this gem of a "w" pattern when it formed and thought there was going to be a pull back in Mid Nov though as you can see on the green trend lines it blew right though that little wedge that formed and thus here we are again but in a bigger one. no matter what everyone thinks or says yea we may have a pullback in the dollar but it wont last long. if...

moonman777

Been following this since wave C and i must say this has been fun to watch and play out. Finally there is some what more of a realization that Jerome and the gang aren't going to be as dovish and financially accommodative during the years to come. A lot of analysts are saying 2% by the year end of 2022, i think that they are right but a little off in where it's...