Our Live Trading Rooms Bring Together Thousands of Traders from Around the World!
The Nat Gas Set Up, with BOIL (Nat Gas Futures 2 x Levered ETF) and CTRA (Coterra)... -- Nat Gas has broken out of a three year base-accumulation period and pattern that triggers upside potential to 7.50-8.00 derived from the technical setup, however, we all know that if there is an acute weather situation, i.e., a Polar Vortex, that Nat Gas could "go vertical" under the circumstances...
Written by Mark Malinowski with charts and commentary by Zac MannesA madrigal is a song arrangement from 14th century Italy, without accompaniment, for multiple voices. I would like to think it created the roots for the acapella group or the barbershop quartet. Just like those songs, the Madrigal pharmaceuticals chart has shown its range and diversity in movement.We have been tracking MDGL for several years, but the most recent Wave Setup for subscribers to the Stock Waves service at Elliott Wave Trader (elliottwavetrader.net) began back in June this year.
TSLA is one of the stock charts we follow every day on both the daily and intraday charts. It provides a recent example of what I call a Fibonacci Price cluster. A price cluster is the coincidence of at least 3 Fibonacci price relationships that come together in a relatively tight range. In the TSLA example, we had a price cluster that came in for possible support at the 379.57-382.32 area. This zone included a .618 retracement of one swing, a 50% retracement of another swing along with a 100% projection of a prior decline.
Our Technical Analysts Share Their Expertise 24/7 on a Vast Range of Markets!
