Ebay has broken out of this massive cup and handle on recent earnings. As a returning ebay customer myself, I agree with the bullish sentiment this chart is forecasting.
Looking at this silver index chart through the lens of Williams %R and USGears Tops and Bottoms silver appears to be topping.
Looking at this oil index chart, a very nice unconfirmed IHS is visible. Within this IHS is a confirmed double bottom. The green line is the target of this double bottom. After retracing following confirming the double bottom, price appears to be headed to the center median line of the pitchfork next, near the 1400 mark.
Osur recently confirmed a double bottom on this 15 minute chart. I am looking for target near 6.90 and have a stop near 6.30.
Highlighted are high and low pivots in price. These pivots are often accompanied with consolidation of Williams %Rs in oversold and overbought conditions. Trades may be triggered with moves of %Rs out of extremes. Recently, W%Rs consolidated in an oversold condition. This consolidation coincided with a potential double bottom . The next likely pivot high may...
For nearly two years, gold has been accumulating in the channel between the white lines. Looking even further back, gold has been in a declining wedge for nearly four years. Within this wedge, there appears to be a discernible pattern. I have highlighted it in white. This pattern appears to be repeating only in a much smaller scale. It too is highlighted in...
Dollar's run is looking overextended. I see the potential for a double top here at 95.500 as the price curve flattens. If confirmed, the dollar may retreat to near 91.150.
Looking at a longer time frame Williams %R, bullish momentum in silver is gaining ground. The last bullish move in silver confirmed the double bottom. The recent pullback in silver has left a very nice looking reversal formation inverted head and shoulders. The VWMAs are consolidating for what I suspect will be a nice move in silver. I have a target near 18.90...
Confirmed double bottom with negative rsi divergence. Retracement could begin anytime. Leaning Bear
SPDR GOLD SHARES (GLD) has formed the reversal pattern Inverted head and shoulders. Price is currently near the fib retracement level .786 and has formed a very small unconfirmed double bottom with positive rsi divergence. I am looking for a target near 130 in the coming weeks and have a stop at 113.60.
OILhas formed a confirmed double top . Today it retraced to the 0.618 fib level and formed a very bearish candlestick pattern with RSI divergence. I am looking for this bearish trend to continue. Love ,love, love the clean charts. Thanks TV..............
UWTI Bulls are losing ground, while the Bears are gaining. Williams %R reveals the bulls strength is fading , while the bears are gaining . The last two Bull runs we're considerably less successful than the first. Rather than building to a big bull break, this bull run appears to be fading. I look for the next Bear push to be more successful than the prior two...
The most profitable quarter in history!!! Apple has been working hard for months leading up to this moment. With price crossing the yellow center median line, continuation to the blue upper median line is a likely possibility. I see135 as next area of resistance.
The most profitable quarter in history !!! Is there a company with a hipper name than Apple today? I guess that is debatable but no doubt Apple is killing it. When I look at this chart, something is missing. What's missing is the reward. While many argue for a pullback, I am sticking my app out and arguing the run has not even begun. This chart looks wound up and...
Bottom confirmed with break above green line.
Oil has broken double bottom's range top triggering a buy and is retracing . Next possible long entry is near .618 FIB.
Oil has had the buy me light on since August of last year. So why now? This chart offers a few points for optimism in oil. First, there is the trio of Williams %R . They appear to have reached some kind of consensus back in the middle of December. This was followed by a loosening of the bearish grip on the shorter %Rs to compliment a divergence on the RSI. The...