NG monthly (very slow) chart. MACD, Stochs, Fibonacci, MAs all suggest a substantial upside move upcoming.
How can one make a bullish case for this chart?
At 2:30 on Friday the IWM broke down below a three week long bottom trendline.
Major resistance. Upcoming significant Convergence • Retracement at Fibonacci .618 • 200sma • Trendline • Ascending bearish wedge • Stochs rolling over
Yes, I know this is crazy busy, but the only way I can get a feel for this animal. Using trend, SMAs, in particular the 100sma, and Fibonacci, I'm guessing a winter peak at ~4.65 in March 2016. In order for this to pan out the price is going to have to start escalating very, very soon. If not, I'll remain lost and look for one of you to set me straight... I've...
First off, I'm new to the TradingView publishing arena so please bear with me if I'm doing something wrong. Please advise if I am. This is an IWM weekly chart with projections derived with Fibonacci retracements, SMAs and trendlines.
I've read a lot of discussion regarding $20 crude oil, also regarding $70 crude oil, most famously from T. Boone Pickens,... this attempts to tie it all together into one grand unified, all encompassing theory...