austriancapitaltheory

austriancapitaltheory

#Gold futures just had a 50% retracement from the June lows. Notice the big volume recently without much further downside; an indicative clue that buyers are getting aggressive. A series of higher highs and higher lows allows the technician to easily plot a Fibonacci measured move.

austriancapitaltheory

short opportunity for NYSE:HSY ? NYSE:HSY looks like a great short opportunity to me for the following reasons: - Apparent stage four decline (stage analysis) - Bear flag chart pattern on all time frames, especially longer-term. - Fibonacci confluence.

austriancapitaltheory

- Head and shoulders bottom - Break of a significant down trend line *(the information created and published on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.)

austriancapitaltheory

A clear rectangle formation. The measuring technique (bottom to top of the rectangle) projects $2600 gold in the near future.

austriancapitaltheory

The measured move from the head to the neck line projects future price action if this H&S patterns holds true. AMEX:VIXY has strong technical potential to rally another 25%. Let’s not forget the S&P closed below its 200D MA on Friday.

austriancapitaltheory

Two technical reasons why NASDAQ:NVDA is about to drop: 1. Divergence iN RSI from price. RSI has been steadily falling while price has been rising/staying flat. 2. Head and Shoulders top.

austriancapitaltheory

Is NASDAQ:EBAY Completing a Bearish Head and Shoulders Top? The monthly chart is pretty close to completing the right shoulder in what looks to be a bearish Head and Shoulders formation. Measuring from the top of the head down to the neck line would put the price target down to $3.00 and change. It will be interesting to continue to watch what the 14 RSI does...

austriancapitaltheory

Confirmations: - Double bottom - Rising OBV - Rising trend lines - Extremely low Put/Call Open Interest Ratio for 5/19/23: Put Open Interest Total 1,368 Call Open Interest Total 5,718 Put/Call Open Interest Ratio 0.24

austriancapitaltheory

This is not financial advice. I believe $GDX will make a run up to at least $38.41, and potentially higher. The measured move is confirmed by long hand as well as Fib. extension: 1. High of $33.34 minus it's low of $21.52 (Point A) = $11.82. Point B's (retracement) low of $26.59 + $11.82 = $38.41. 2. Drawing the Fib. extension as show on the chart confirms the...

austriancapitaltheory

The Measured Move: Next Stop for Gold is $2150? The difference between the top and low of A, added to the bottom of point B, creates line C - putting gold at $2150.

austriancapitaltheory Updated 

- There looks to be the early stages of an ascending triangle forming on the US Oil chart. - Since the previous trend was down, this ascending triangle should be considered bearish. - Measuring the height of the triangle's base projected downward from the break-out point near the apex of the triangle, puts price at around the $66 mark. - Break-down achieved by...

austriancapitaltheory

- Gold is trading in a bullish rectangle pattern, since the previous trend before the current 2 year trading range was upwards. - Closing above $2075 starts painting a picture of price likely headed towards $2500. - Closing below $1685 and then the $1620 ish area starts to get bearish towards $1300. I am personally long the gold sector. - The fundamental...

austriancapitaltheory

Why I am bullish?: Clear inverse head and shoulders pattern with a decisive close above the neckline on the daily chart. I am looking for a return back to the neckline to potentially add to a new long position. Volume is about as perfect as can be with light volume around the head and strong volume on the rally up to the neckline from the right shoulder.

austriancapitaltheory

Is that a bullish symmetrical triangle consolidation pattern forming on XOP? If so that would mean price could potentially spike by Q4 of 2023?