Goldtent TA Paradise

Deflationary wave about to begin…
This is the chart that gave me clues with the last wave down…

50 SMA back test holding so far DANX…
Momentum breadth indicators weak…

TVIX hit a grand!
Excuse me, had to “act out”

CRASH Mode…
Next support denoted in green…

Note has breached 2008 levels…This is NOT your normal correction–the “start” of something much larger?

Since most who visit Goldtent like the macro charts, I share this one…
The theme of this chart is the SM still has more downside on a momentum perspective…
In summation: if 2350 is breached, 2150 is next…
BEFORE, any kind of “BEAR market rally”…
Good luck…

Did I post just in time to save the BULLS? Believe was Spock who stated many moons ago, “If I had one ETF to monitor the miner trade, GOEX is the cleanest”. Something of the sort…
A back test?

I cannot consider being long for the life of me…

Pure momentum charting…
Back testing previous BEAR wedge and hitting horizontal resistance…

Interesting indicator–Fib Fans…
Watching the $10.50 zone…

BEAR channel intact with a DIAMOND reversal?
Appears so…

Bull channel intact…

Been told long term divergences are not worthy…about to find out ..

A near term BULLISH perspective…

Per the weekly chart; could be forming a BULL flag/pennant with sideways to slightly down action until it meets the middle bollinger band as before…
Watch for a sudden spike to hit the middle bollinger…

April 2017 repeat?

Will the back test hold?

pedro, thanks for the excellent EW article on NG…
BULLS want to see the coppock curve stay above zero; thus, the trend line staying intact…
Note the last positive divergence which created a strong spring board for a large BULL move…
Long term horizontal support remains intact…
So, all eyes on the wedge forming on the 30 minute chart…$2.50 zone needs to hold…

BOIL 30 minute chart…

May 12th post

NG BOIL

https://pensionpartners.com/spring-crash-potential-not-about-china/?aaReferenceFrom=mcverryreport.com

“Our internal signals used in the management of our mutual fund and separate account strategies are starting to confirm that the storm that’s been building for weeks may finally be here just in time for the mid-May juncture I mentioned on Real Vision. Whether the accident happens or not remains to be seen. All I know is that the weather has changed, and it’s time to slow down entering the storm and prepare for defensive actions. Any potential trade deal more than likely in my opinion won’t mean the rain has stopped”.

Another potential fractal…

Watching the 2815-19 zone for a gap fill…small bounce then completion of BEARISH expanding wedge?

Appears after a long consolidation; NG has found a bottom…
Usually take profits when the upper bollinger is touched…

Green shoots?

Like a rock…

GDXJ Weekly…

Watch for a turn…

My 2 cents…
Getting ready to complete another BEAR pennant back testing the moving avgs…
predicting more downside…

No FGC, not squirming…
Trade GBTC as anything else…
BUY support, SELL resistance…
Watch reaction at the gaps…

To FGC…
Note the Eagle eating the worm…
(for the record, I realize it’s NOT a worm)

Today changed the course of the wedge pattern which, until today, appeared to break down…
Closed back inside the wedge…Watching the wedge…