GolgaFrinchan

GolgaFrinchan

Will be watching for the red downtrend line break. The Fibonacci support around 15 is also a long term support Ups and downs in life are very important to keep us going, because a straight line in an E.C.G means we are not alive. - Ratan Tata

GolgaFrinchan

Correction till September FoMC meeting - stalling further rate hike/QT.

GolgaFrinchan Updated 

200 dma and trend channel support, after breakout from 2016 bottoming pattern. Daily RSI oversold; Weekly RSI>50 and MACD>0 Optimistic target shown by dashed blue arrow - if indeed in stage two breakout as per screener.nextbigtrade.com Plenty of gaps in this chart though. Long Mar 16 '18 $18 Calls. Lets see how deep Out of the money calls pay off.

GolgaFrinchan Updated 

Touching the 2014 downtrend line. On the futures $KC chart this is a slight uptrend line. There is some divergence on weekly RSI and daily MACD as well. And there is talk of commodities turning around.

GolgaFrinchan Updated 

The price pattern since May can be seen as a bear flag or a potential bearish ascending triangle wave pattern. The RSI not giving any indications either. In addition, the market 'may' be on verge of big correction and this is not a very strongly performing ticker. However the price is at 200 SMA and there is likelihood of shipping sector having bottomed. From...

GolgaFrinchan Updated 

Log chart shows possible trend line support. Earnings in 14 days. On watch... for any RSI divergence or 2017 downtrend break out.

GolgaFrinchan

At 61.8% Fibonacci retracement and bullish weekly RSI divergence.

GolgaFrinchan Updated 

IWM facing resistance from 2014 uptrend line. Also two degrees of rising wedge forming with continuing bearish divergence on 1 Day chart. ~14% drop in IWM to 38.2 fib level likely to correspond to the channel fill in SRTY.

GolgaFrinchan

As a newbie, I follow a handful of people (screened over months). One of the low profile ones is www.youtube.com If I understand him correctly, the so called Trump rally is a wave B of an expanding flat. The logic is that the moves since then all seem to be in 3 waves, and from my interpretation could be a leading diagonal. The idea was reinforced by a recent...