Natural Gas is a fun-looking fellow, let's see if we got this one figured out. I think natural gas has been pushed below its natural levels and the only way to find out is to forecast.
Nov 5 is on my indicators a date for a high and november 10 a date for a low. We are in a time price area where there is resistance and I expect therefore a retrace. This has been a good run from the October lows, but according to laws of time and price, well...
Forecasted highs and lows in time to watch for change in trend
Main outlook for ES is that the trend remains bullish for a while till the end of October before a reversal down to first part of Nov
I still think there is one more push down. Let's see!
Im not buying it! NOT A TRADING ADVICE! Just my humble opinion!
By removing the noise of newly printed money to the system to try to get the machine in working order, we can see that United States is in a sideways/downward trend. The time period of 300 months I believe is of interest, which equals 25 years, and half that time period, 150 months after the happy 4th of July in 2007, we find ourselves in January 2020. Fast...
Tesla has crosscurrents of trend and is right below significant resistance. I have a pivot high on Friday 17th and range-based trading is what the doctor prescribes.
First go at price and time forecasting. These are advanced concepts to nail together, so Im sticking my neck out in this attempt and (hopefully) learn in the event of mistake.
Using highs or lows, we can identify lines of support and resistance in the price/time dimension. We can see that TSLA is fighting at significant resistance at the moment.
It takes time to build up understanding of an instrument. Cycle researchers works on multiple cycles. For a cycle to be effective, they need to obey certain rules. One of these rules are hitting within orb and reaching certain price levels within this orb range. For example, I have an hypothesis based on highs and lows that tomorrow, Friday 10th of September or...
Sellers should take advantage of this rally from my perspective.
563 is triple support on the wheel of 24. Trend is changing till June 10 approx
Symmetrical time level gives entry for short. Looking for 16th low, 17th high, 22/23 low.
The two charts seem similar for the untrained eye. But there is a crucial difference for a cycle hunter. Using data from Bitfinex would make the analyst throw away an hypothesis while Bitstamp would make one keep it. Going over heaps of data, I know which to trust of these two: Bitstamp over Bitfinex any day.
First cycle is confirmed, now it is to nail in the second. I am too lazy to check the past so I watch it unfold instead. A 23 % more drop into 7th-9th ish if it is correct.
This is second cycle I do in gold after doing some more work/research. I expect to use approx 2 weeks time work on each asset before mastering it. No trading advice, do your own DD on gold!