Bitcoin chat has been rather quiet of late as the currency continues to decline. However, recent price action is conforming to a bullish-reversal descending wedge. This post offers chart updates of BTC/USD following my recent article published in the December issue of Your Trading Edge.
There is plenty of chatter about the NASDAQ, along with the DJIA and S&P500, being in ‘correction territory‘ but the charts, for me at least, are saying something different. The next week or so will be critical for the NASDAQ Composite but here is how I’m seeing the current charts.
A number of the big US bank stocks are consolidating under significant resistance levels and this raises the question of whether this is consolidation before the next bullish breakout or before some overdue mean reversion. In this post I look at the charts of some of these banking stocks, as well as the Financials sector […]
Introduction: Gold has been chopping sideways within a $200 +/- range either side of the $1,200 level since early 2013 but the monthly chart shows declining momentum during this time. A majority of Gold stocks have been beaten well down since the heady days of 2011 when the price of the Gold peaked near $1,925 […]
Treasury Wine Estate (TWE.ASX) is one of my new favourite stocks to stalk and it is coming into focus again as the potential Bull Flag looks to be developing. I previously noted how a great SHORT signal triggered on this stock but now I am stalking for any recovery-style LONG signal.