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Gold at an inflection point. Tomorrow XAU closes below 1763.18 – bearish reversal confirmed. Closure above 1798.29 – bullish rally continues. Looking at the today’s candles combo – overwhelming bearish odds and a possibility of a more than 1% down day tomorrow, the day of the monthly print. The last weekly: Follow the site on […]
Bitcoin is going further down. It closed below the 8 EMA line and the lower prices are expected, at least for the short term. Forecast remains the same I view that the coin is going to bounce in the small green rectangle, charting the wave (B). A closure above the daily 20 EMA, green line, […]
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TSLA closed below the 100 and 50 MA lines, stopping short from making a bearish 8/20 EMA cross. Apparently, the stock is in the middle of sell-off, a.k.a. wave 3 of C in Elliott Waves. Possible targets for wave C (red rectangle):– 450, or 50% off the top;– 325, or 64% off the top;– timing […]
The major indices have made a strong bearish statement. A Bearish Engulfing and Three Black Crows on the hourly frame. The wave down looks very motivated. This could be the beginning of a strong reversal. Let’s see how they close today. Friday’s Alert: Please follow the site on Twitter: @InvestingAngles
