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Tomorrow is the day of a closing print on the monthly candles. As I mentioned in my previous monthly update: ” While gold could temporarily bounce to 1760-1790 area, I am expecting it to target 1640-1440 area in this correction, the targets that I identified in the middle of August 2020 in the Very Long […]
The main trick with forecasts using the long term candles such as monthly, you have to typically ignore the stock movements during the whole month and focus mostly on the closing days, when the next month candle is being printed. Sometimes, in the middle of the month, the weekly candles can give a false sense […]
This was a very interesting week. Almost the whole week the coin was falling, but yesterday it was stick saved and the candle seemed to shift the trend direction at least for the short term.BTC picked the option 3 from my previous analysis, and I would like to explore the possibilities from the perspectives of […]
For the finished week I was cautiously bearish and I continue to maintain that GDX is in the inflection zone between 34.35 and 31.22. I view that a breakout through one of these levels would set a long term direction for the stock. Let’s explore the messages from candles. MonthlyThe overall monthly pressure continues to […]
SP500, NASDAQ, DJI, RUSSELL Today’s closure left the major indices pointing into the different directions. While some of them show some signs of the bullish continuation, the other ones are not quite there yet. Let’s explore them from the candles perspective. MonthlyDJI and SP500 look very bullish at this point. Though there are three days […]