Agree...it is embedded downwards!
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Last edited by Bquat; 12-01-2021 at 03:05 PM.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Cleaned chart up a little for December. Back in the down channel. Chart:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Still in watch mode in December where there used to be a Santa rally. So is this a flat bottom developing of a Bear Flag? With the drop today and the Dead Cat Bounce holding twice has Spidey concerned:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Because I had three points on the overshoot line I widened the channel. Things improved in the afternoon drift up to get us above the bottom line. Still going to watch on Monday:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
No pop to DCB line and new channel is still confirmed. Shorter moving averages beginning to cross longer term moving averages:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Hi Bquat, Really love that you put in line for May and July bottoms. Great charts...Thanks!
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Really nice pop up today which could be an overreaction to new Covid mutation being mild. I missed this move. I am watching for follow through because of news gap. I could be wrong so it's up for you to decide and please comment if you think differently:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
I think it drops tomorrow...profit taking it recovery by some, but believe Dec 1 was the bottom. But anything can happen....so much is news driven. Best wishes to you and everyone!
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
That is definitely possible and 2175-2180 area is my fallback point before taking off again. Being that I only have one aggressive move left…no point in pulling back now…we could begin the Santa Claus Rally around the middle of the month 15 or so. Therefore…the real question is can I recover all loses and finish higher after the Santa Claus Rally. Uh…yes…I think so based on Omicron being overblown…underlying economy still looking okay…debt and Russia main issues for me. “Take that hand off the trigger”…I say to myself. 🤣🤣🙃 Will look again in a few minutes. Wish we could get a bit higher for the $DWCPF 250 day moving average to act as support (2217).
I really like how today's move confirms that yesterday wasn't an overreaction. I even was thinking about an entry but checked and saw that we are getting up to overbought territory with resistance just a little above:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
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