Nice play here. THere might be a slight pullback mid week, and wait to confirm candle closes above previous highs before entering. Ichi on the daily is big time bullish for the first time in a LONG TIME.
However, this will be the first big correct (Wave 2 of Elliot Wave). I anticipate we hit ATH by the fall.
I had this bad boy on watch, and it's just confirmed a breakout to a 15% PT. People always say "yeah, but how do reading charts account for news?" Just smile, nod, and continue making money :)
Bullish golden cross on the daily.
Breaking out of triangle. It's clearly also broken out on the overhead resistance established all the way back to summer of 2015. First price target is $9.00.
Nice and easy play here. Breaking out. First price target 7.15, next price target is 8.90.
Based on ichi and a few other indicators, I believe we're going to bounce of the wedge we're making at around 16. This is 100% NOT A BUY right now, but I'd put a nice buy order at around 16.05 and play the bounce back up to about the top of the wedge.
ICHIMOKU CLOUD - We just signaled bearish based on the Ichimoku cloud (monthly). This has only signaled 4 times in the past 20 years. 2 of those times were big market crashes, the other is a false alarm, while the latest one still has to be confirmed (waiting until the end of May, 2019).
Background and Current Analysis I did some research into the recent news surrounding 10 year yield curve inversion , as well as did some chart analysis. In short, backtesting the past yield inversion event, as well using the Ichimoku cloud (a reliable indicator which only signaled 4 times since the year 2000), there's no doubt we're heading into trouble within...
Double bottom on the weekly, could very easily hit 4.90 this week. Confirmed buy the breakout past 4.20. Price Target #2 would be 5.43.