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The bigger the base, the higher in space

By: bitcoin ethereum news|2025/05/08 00:30:02
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Two decades ago, while reading the outstanding Technical Research “Market Interpretations” from Louise Yamada and her team, I came across “The Technician’s creed – in price there is knowledge” where one of the assumptions of technical analysis is that periods of accumulation precede uptrends, and periods of distribution precede downtrends; additionally, that the size, or extent, of an accumulation or distribution tends to have a relationship to any ensuing advance or decline. In other words, trends tend to have relationships to another. Simplistically said, the bigger the base, the higher in space; the bigger the top, the bigger the drop; and the bigger the drop, the longer the need for repair... With that in mind, here’s a monthly chart of the VanEck Junior Gold Miners ETF (GDXJ), which has been building a base for the past twelve years! GDXJ was indeed in need of repair after its drop from its 2011 highs. Now, I will not get ahead of myself with a stratospheric price target, especially when the price has not even broken out of its resistance yet... Therefore I will go for a down-to-earth target by using the Fibonacci extension levels from the last meaningful pullback, i.e. August 2020 high to September 2022 low, which projects a first target just under $91. But again, first things first, I will let the price break out of its base before acting on it. For that to happen, the price needs to get above $66 on a monthly closing basis. TRV: Fibonacci guides the current uptrend The monthly chart of Travelers Companies (TRV) shows an impressive adherence to the Fibonacci extension levels, anchored from the September 2008 high to the October 2008 low. In March 2020, TRV bottomed 5 cents away from a Fibonacci extension, marking a significant turning point. Since that low, the stock has been in a strong uptrend. One interesting feature is the behavior around the 4.236 Fibonacci extension (~$155), which initially acted as stiff resistance in early 2018, mid 2019 and 2021 spending most of its year around that level. After a decisive breakout above this $155 area, it flipped to become a reliable support, being tested a few times in 2022 and again in 2023, reinforcing the strength of the uptrend as the price keeps making a series of higher highs and higher lows. The RSI remains in a bullish regime (more on that in Friday’s edition – but in short, when the RSI doesn’t go below a certain level during pullbacks, it is known to be in a bullish regime). TRV is now eyeing the next major extension at the 11.09 Fibonacci level (~$358), which serves as a long-term upside target. ITB breaks down after bearish divergence flags trend shift The weekly chart of the iShares U.S. Home Construction ETF (ITB) illustrates a trend reversal following a multi-year uptrend from the March 2020 low to the October 2024 high. During its ascent, ITB was well-supported by two distinct trendlines: A dotted blue trendline connecting the lows of the candle bodies, A solid blue trendline tracing the lows of the wicks/shadows. Both trendlines offered reliable support, reflecting a healthy uptrend. However, an early warning sign emerged in 2024: a bearish divergence developed on the RSI between the March 2024 high and the October 2024 high. Although the price made a higher high in October, the RSI posted a lower high, signaling that the upward momentum was weakening despite rising prices. This divergence is a classic indicator that buyers are losing strength and that a potential reversal could be on the horizon. By early 2025, the price broke below the trendlines, confirming a shift in the market structure. The ETF is now consolidating near the 38.2% Fibonacci retracement (~$88.80), drawn from the 2020 low to the 2024 peak. Bottom line: The breakdown below both trendlines, coupled with the prior RSI bearish divergence, confirms that ITB’s primary uptrend has reversed. The $88 support should be watched closely: a sustained breach could trigger deeper pullbacks toward the 50% and 61.8% Fibonacci levels. Unlock exclusive gold and silver trading signals and updates that most investors don’t see. Join our free newsletter now! Source: https://www.fxstreet.com/news/gdxj-the-bigger-the-base-the-higher-in-space-202505071356

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In the early hours of March 23, 2026, Round 29 of LALIGA delivered a headline clash at the Santiago Bernabéu. Real Madrid hosted their local rivals, Atlético de Madrid, in a high-stakes encounter. Under referee José Munuera, the match unfolded at a fierce pace, packed with physical duels and momentum swings. After a five-goal thriller, Real Madrid held firm for a 3–2 home win, taking all three points. They remain second on 69 points, now four behind leaders Barcelona.

From a numbers standpoint, Real Madrid stayed composed under pressure, completing 526 passes with a 52.4% share of possession. Atlético struck first in the 33rd minute through Lookman. After the break, Real Madrid flipped the game: Vinícius converted a penalty to level, then Valverde fired them ahead. Molina pulled Atlético back on level terms, but Vinícius stepped up again in the 72nd minute to seal the win. Late drama followed as Valverde saw red, forcing Real Madrid to defend deep with ten men through the final stretch. Atlético's aggressive approach—12 fouls and 4 yellow cards—kept the pressure on, but they couldn’t stop the comeback.

WEEX Insights: As the official LALIGA partner in the Hong Kong and Taiwan regions, WEEX sees this win as a masterclass in control under pressure. Even after a red card and constant attacks, Real Madrid stayed sharp and executed with precision. That same discipline—staying calm in volatile moments and acting with clarity—reflects the core trading mindset WEEX stands for. LALIGA fan campaigns are coming soon—celebrate the game with WEEX.

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Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

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LALIGA Match Report: Araujo seals 1–0 win as Barça tighten grip on top spot

In the early hours of March 22 (Beijing Time), Barça edged Rayo Vallecano 1–0 at Camp Nou in a key Round 29 clash. The hard-earned win lifts Barça to 73 points, strengthening their hold on first place.

Barça controlled the game with 61% possession and a sharp 89% passing accuracy (460 passes). Rayo pushed back with intensity, earning 9 corners, but Barça's defense stayed solid. Yellow cards for Raphinha, Yamal, and Cubarsí highlighted the physical edge of the match. Second-half subs like Rashford and Olmo added fresh energy to help see out the result. Rayo remain 14th on 32 points.

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Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

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