Possible reversal idea at Fibonacci 50% retrace, so around $1836. 38.2% was previously and recently respected here on the way down.
dxy 50% retrace, while at the same time us 10 year yield way over bought and silver bouncing off the long trend line
Do you think this bounce will stick? This is happening at the same time as DXY 50% fib retrace
Is that a reversal hammer? Sure seems like it. We'll know tomorrow!
Good look for #zinc, consolidating just under recent resist (blue) and weekly EMA30. A break past that (plus completed back test) would be good confirmation of a {stage2} breakout.
This heavily pumped stock suffered a colossal double top, after hitting that big 4.618 extension. See my recent BRW.v chart for a similar set up.
Possible double top ingredients in place. See me EMO.v chart
if a double-bottom was to happen, it would begin here.
Given the number of red days in a row here, I think that it's probable to assume that a {double-bottom} may provide a bounce to reverse the trend. If it fails, then one could look for placing a bid at around the $9 mark. $lun.to
$mai.v: it's a cute little start. I like it. Yes, a cute little start.
$gato.to looking good, now back above weekly EMA30. Price bounced last week at a point that was a previous resist. Super bullish if it makes a sideways bull flag here.
not a big fan of the engulfed candle on Friday, but the big local horizontal support hasn't broken yet.
I just love this chart. Look how each capitulation event is met with max pain for the bears the very next day, many times in a row along that rising support line. Selling volume is waning. Looks set for a probable breakout past 72 cents next time.
The #bitcoin to #ethereum ratio has been building a {stage 1} bottom for 2.5 years. What do you think happens to all the bitcoins and sh#tcoins when purple pivotal line gives way? Looks soon.
if this new smaller channel breaks, 5.5-6% is in play, as it's really open sky.
dxy looks close to closing at a lower-low in this ongoing down-trend. The last coffin nail was Nov 2022 when EMA30 was crossed. Everything else is noise.
Weekly log chart, adjusted for weekly closes. There's a pretty big channel, that much is obvious. if the back test holds, it could be epic.
Lots of cycle analysts are looking for a low in July now, but I don't see anything broken yet. Silver took 4 trading days to resolve past weekly EMA30 after the Fibonacci 61.8% retrace. Keep in mind this is only the most recent price action-bounce that I'm comparing.