Surprising Consumer Activity May Suggest a Deeper Shift in the Markets, Part III
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August 2, 2021 | Revisiting The Excess Phase Peak Pattern Chris Vermeulen Chris Vermeulen has been involved in the markets since 1997 and is the founder of TheTechnicalTraders.com. He is an internationally recognized technical analyst, trader, and author of the book: Technical Trading Mastery. Chris has developed trading strategies that incorporate technical analysis, position-sizing, and risk management to boost performance while reducing portfolio risk. The setup of the Excess Phase peak pattern consists of an exuberant rally to a peak (Phase #1), followed by a moderate price correction th...
Stock Market Breakout Or Breakdown – What Does The Next Big Trend Look Like? :: The Market Oracle ::
In Part I of this research article, I tried to highlight the major market cycle phases that often drive volatility, uncertainty, and bigger trends in the US/Global markets as well as Precious Metals. Additionally, my team and I highlighted the technical confluence pattern that has setup as Gold prices have rallied above downward sloping price channels (price Flags) recently. This confluence of technical patterns, while we are transitioning into a post-COVID-19 global economy, suggests that excess credit/debt issues throughout the global financial markets are seeking safety...
Stock Market Cycles Tipping From Euphoria To Complacency – Gold Setting Up For Rally Above $2000 Again? :: The Market Oracle ::