Volatility in the price of gold has been contracting as it has formed a potential bear pennant consolidation pattern. It follows a sharp one-day drop from the 2,388-swing high (C), which generated the ...
Natural gas further consolidates on Wednesday within a bear pennant pattern. It is on track to end the day as a relatively narrow inside day. Yesterday’s low of 1.65 approached a test of support at ...
Looking back at bitcoin’s parabolic curve, we can see notable lines of support and resistance throughout its market cycle. Two highly reliable sources of support and resistance are the set of 50/200 ...
Copper’s intraday Bear Pennant has taken on new importance with copper’s close two days in a row, by a tad, above the last important trendline to mark its intermediate-term downtrend. Should copper’s ...
In technical analysis, a flag pattern indicates short-term price movements inside a parallelogram coounter to the previous long-term trend. Traditional analysts view flags as potential trend ...