I AM NOT ACTIVE IN THIS POSITION. WAITING ON ENTRY.
GDX failed to breakout yesterday. Most likely tied to continued Fed Repo liquidity keeping SPY artificially inflated (see SPX chart link below for news).
Current Daily pattern shown in last chart was extended. Weekly view shown on this chart best shows pattern.
Still in a bull flag formation. Pattern ends around end of February.
RSI trend breakout failure shows trend is going down.
Next Weekly and Daily trends and both bullish flip. Once this occurs we are in good position with both Daily and Weekly to confirm bullish entry.
I will watch the pattern and update if anything occurs by pattern end.
If anyone would like an update, let me know via chat.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long BTCUSD, GBTC
GDX failed to breakout yesterday. Most likely tied to continued Fed Repo liquidity keeping SPY artificially inflated (see SPX chart link below for news).
Current Daily pattern shown in last chart was extended. Weekly view shown on this chart best shows pattern.
Still in a bull flag formation. Pattern ends around end of February.
RSI trend breakout failure shows trend is going down.
Next Weekly and Daily trends and both bullish flip. Once this occurs we are in good position with both Daily and Weekly to confirm bullish entry.
I will watch the pattern and update if anything occurs by pattern end.
If anyone would like an update, let me know via chat.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long BTCUSD, GBTC
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.