The chart of Nasdaq Composite below. If this is the anti-crash climax following power law distribution like what happened to Nikkei many years ago, not only the ...
Part of Art of Chart Reading
Many people likes the comfort of guru opinions, especially when that opinion agrees with their own. When the guru opinion, even if it is a ...
China announced its aggressive plan of the Free Trade Zone (FTZ) in Shanghai today. The zoning of FTZ was approval back in July but no details were available at the ...
Part of Art of Chart Reading
Summary Wyckoff Up Thrust (a.k.a. Wyckoff thrust, w. thrust) is a terminal pattern for an uptrend. It is not a type of false breakout. ...
Part of Art of Chart Reading Many traders are obsessed with the idea that there exists secret uber chart patterns that produce superior returns with virtually no ...
Following is the weekly chart of Bitcoin. 75 / 75 is a classic chart pattern where an immature market crashed hard but holding the absolute 25% price ...
Sometimes it is better to look at the big picture from afar to gain better perspective. Here is the weekly chart of Dow Jones Industrial Average. FOMC ...
We often hear traders talking about trend – trend is your friend, do not fight the trend, etc. Yet we seldom hear a room full of traders agree upon what ...
Following is the Emini S&P continuous contract with RTH only data. I have marked the days with matching color to the moving averages where ES has tagged. ...
Crude Oil Outlook
Daily chart on crude.
I marked the first quarter STOPD Levels.
If there is a 3rd push back up, it will be back up to 107-107.5 where the 1st quarter low is.
It is not a long term bullish play.
Instead, this 3rd push up is a short term counter-trend swing play.
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