I know I know it looks like a mess It also looks liek it could be a head and shoulders BUT It's not. 'It's a bullflag, swith a steep falling wedge completing teh cycle ASAP before gold turns back up. HOw do I know? Look at the RSI- it's sitting on RSI30 on the W. That is an epoch turn. ALso... its at the bottom of a channel. Ou can see the two dominant...
Looks like she may be taking the stairs after all bullflag ascending wedge
absolute top of the watershed here right now.... up or down?? up or down?? Looks like a little bearflag/loop backtesting a big bearflag. SO either stacked bearflags or a nice 2x bottom reversal. I'm still bullish.
oh such a good time bouncey bouncey everybody doing fine bouncey bouncey
Copper got the memo! SHe's cycling through the bullflag channels on her way north in an IH&S Check that one out @whirlybard ! :)
So sure it's just dumped 10% but hear me out Look at the RSI! This has been a long crazy consolidation - it's approaching an energy point and strong support and it's gotta girate to pump up teh RSI (similar to BBs here) so that it can move up without too much rtesistance - this is a PA-driven rise, not FA, becuse no results for a while. But it is definitely...
Roll over, DXY, roll over. Good dog! In the giant bearflag COme on.. the markets need DXY to drop to save them, that's for sure. OTherwise the pump must end. Milkshake?? You can't just keep dropping ice cubes into a milkshake and have it taste good... eventually it'll look like milky water.
Zoom out and it's a multi-year IH&S BUt... Locally... crunchtime. Serious resistance. AND... the RSI is low enough to stab south.... bearflag in a bullflag. BUT enough RSI ther to get north and backtest if things went to sh1tcoin already. What would see people flock to bonds?? A little stonk tail off.... too much though and a debt-crisis and she pumps; add...
Big dkn bullflag... prob wind down for a while. Ruh roh!
Bearflag taken directly from #sh1tcoin's guide to #shitcoinery. Bybyenow
Big bullflag little bullflag big channel targets 100 and eventually 133
SOrry, reprint - this one much more logical. I had added things in and not checked properly before. VOila. New bullflag forming atop old one. Prob guided down under that gradient and squeeze vs old bullflag lid.
Bottom at 77? bullflag atop LT gradient Haven't changed chart since Friday, just wanted to emphasise the gradients and add on the extension of the gradient line from previous channel up
HOpe you aren't a hodler!!! Looks like she's forming a bullflag there. I've taken historical the gradients from the p [rior consolidations. They are all consistent so far. The pitch of the final flag remains to be seen, but likely the light green again. There is a nice ledge there for a waistline and the VWAPs and RSI bands are looking good. Plenty of down left though.
Are we there yet? Not sure. Got the make off a bullflag though. Falling wedge and a little o bearflag dropping her to 19.5 and see then…. Most bullflags have a waistline that’s midway between top and bottom rails so if you acan see the waistline, you can project a floor. Ccj is tricky but that’s my best guess for now.
WHo traders' textbook of structures here., Head adn shoulders right now, small rising wedge over resistance is about to let go Measured moves are there- the vertical-ish poles
powerfdulll!!! but prob about to tumble. Bullflag/pennant with a beard. Outta gas on RSI but pushed through to top TL anyhow. Let 's see what happens now it's there.
one more dunk?? I think probably DIdn't make its measured move. SIgn of strength or just half-done. I think the latter.