Antikythera_Mechanism

Antikythera_Mechanism

A cup and handle has formed on the hourly chart. As price struggles to find direction, it will either break out or fall to the old support and get squeezed into a breakout to the upside. If price breaks above the trendline and holds at or around any of these points, entry positions can be made and held until the conservative target price of +7.23 is reached.

Antikythera_Mechanism

I'm hoping the graph speaks for itself. I will update with the reasons behind this analysis, if you have questions.

Antikythera_Mechanism

First of all, excuse the typo in the graph. I said vector CD ratio when I meant AD. Anyway. I used the closing values for point 3 and point 4 to calculate my positive and negative linear slopes. It would seem that the Xop downtrend bottom has been acquired. Although, using point 3's absolute low gives a value of about 37 at point 5 which could be reached next...

Antikythera_Mechanism Updated 

If XOP's support at the bold red line holds, then there will be a breakout to the upside any time from tomorrow to next Monday. If XOP's support at the bold red line breaks, then there will be a breakout to the upside around 12 - 14 days from now. Furthermore, a breakout to the upside could lead an incoming rally with a golden cross in about half a month to a...

Antikythera_Mechanism

XOP Minor Wave : sqrt(16^2+16.02^2) 1. Possible End of Down Trend at Previous Thursday Low: sqrt(16^2+16.02^2)*((32.732+.4142+.382)/4) = 190 days (9/25/2020) 2. Possible minor high on next Wednesday: sqrt(16^2+16.02^2)*((33.732+.4142+.382)/4) = 195 days (9/30/2020) 3. The descending wedge pattern is getting tight and it's becoming riskier to short Gush...

Antikythera_Mechanism

I made this gold chart with jnug overlay. It's my first real attempt at making and publishing a chart. I noticed that the jnug overlay really brings out a head and shoulder pattern under-lining the gold movement over the past few weeks. It's kind of rudimentary but I think we will see the inverse head and shoulders with the right shoulder beginning a new 12345...