DISQUS

Afraid to Trade Blog: Goldman Sachs GS Threatens to form Cradle Sell Signal

  • Bob · 1 month ago
    Seems like the two time frames and respective moving averages create a squeeze of sorts, where price is trapped and likely to trade in a narrowed range until one side wins out.

    Wouldn't the longer term weekly moving average carry greater weight; a dominant level of support?

    I wonder if such a squeeze is similar to a consolidating triangle, where tension and potential energy build and then price ejects violently?

    Also, there are certian to be stop losses on either side of the moving averages; any break in either direction would be magnified by covering and those scrambling to get on the right side of the move.
  • AS2009 · 1 month ago
    Great chart Corey - could we also get your view of the daily / weekly charts for India's Nifty .. is this current move down a correction and where can this go to - really appreciate your thoughts !!