Andrew's Pitchfork
USDCAD is gonna fallUSDCAD at resistance. As fundamental, FED cut interest rate near zero, to boost asset 700 billion $. It will affect dollar index very high. It`s not a signal. It`s an idea. Think before move blindly.
BITCOIN 🔱 Pitchfork of Hope 🕊️
Multi-year logarithmic trend line... failed. But there is a massive Pitchfork of Hope .
Pivot point is a historical wick down from parabolic move, which set the median price of Bitcoin for the years ahead.
Will we Double Bottom? Maybe once the supply of sellers are exhausted and volume fades.
Watching BTC Hash Rate for the Buy Signal if it crosses above the 21 Week Signal Line (must enable show crosses)!
GOLD analyze updateGold once again tried to break through 1632 support. But seems like it`s failed. In my perspective that big green candle on zone is confirmation candle. It`s not a signal. It`s only an idea. Don t follow blindly. Thank you.
USDCHF - sell limit in H4 time FramePrice hit resistance
Waiting for pull back and entry sell
Using Price Action and Andrew
Plan as the picture
TSLA : Still going strong. Price has move up to the upper channel of the pitchfork. Wait for price to retrace back to the confluence area in turquoise triangle.
XAUSD Bullish Short 1HHi Traders
It seems Gold could have an increase in price according to the chart.
This is not a signal, just to share my opinion and to have yours.
EURUSD OUTLOOK AND UPDATEEURUSD with Shiff median line
targeting rather large collection of bids around 1.0880-1.0890
For up to the minute trade executions follow me on
Telegram
AlphaOmega FX and futures trading signals
t.me
Watching For Andrew's Pitchfork Head And Shoulders Combo Been using this combination for shorts a lot, seeing how well it does on the alt upward movement which might be near the top of the range
A Reason For Massive BullishnessMost of my charts have been bearish on cryptos, I've been expecting a correction to $7k or so before a run back to the teens.
However this pitchfork on the total marketcap of all cryptos shows that we are hugging a long term support trend line.
The two usual targets on the pitchfork are the median line and the hagopian line. If it turns out to be bullish then the median line would explode the crypto market cap.
However if it slides off the side of the support line then it will head toward the hagopian. I actually think that's still bullish in the long term because it allows for building a stronger base to push for higher prices.
BTW on this pitchfork I did not use the very bottom of the wick on the left side of the chart because that was due to a pricing bug in one of the markets. The body of the candle is more accurate.
Looking for weakness at pitchfork extensionAt edge of pitchfork extension and poking into bottom area of prior downward pointing wicks.
This is a very good area to watch for momentum weakening and head and shoulders patterns, but plan is to take most profit off at necklines.
BTC is not especially bullish and is actually looking like it could roll over toward the center of the triangle below. That would be a good catalyst to expect trx to test the recent low.
No trade yet, waiting for it to form some upward pointing wicks to show where the rejection area is before shorting.
Super Long Trend Line SupportUsing pitchfork on monthly chart to find where eventual long term pullback is likely to be on gold.
Ideas for path to major monthly low around .011Looking for an area to add to a swing short on this I entered using the attached chart.
Using a pitchfork seems like it might provide a framework for catching a potential head and shoulders pattern while it completes wave 4 before entering wave 5 that swings below the recent .014 low.
I think as long as BTC is flat it's going to make people get bored with alts and they'll continue to bail on them. So I think following the downward channel will be useful for finding pullbacks as long as BTC remains stuck in the giant triangle.
The reason I'm targeting the major monthly low is that there's basically nothing on the volume profile between the recent swing low and the low from the month chart. Once it's clear of the recent swing low isn't holding support it should trigger stops to the downside.
The main danger from this type of trade is short squeezes, but not major fundamental bullish strength. So I will be looking at squeeze type price action as opportunities to short.
Bullish is back for EURUSD?EURUSD was down to 1.1190 area which is not too surprising after the nomination of Mrs. Lagarde to be the head of ECB. I think she wouldn't get the majority supports of investors.
As for our analysis, yes, it broke 1.1250 but it could be foretell based on our trend lines. Now, the price has move out of the down trend (Yellow trend) and moving upward in the upper half of Purple trend, which are the indicators that help us to buy. If you followed the FED's chairman testify last night, you definitely should buy EURUSD. In the long term, there is a very good chance that EURUSD will come close to 1.15 (ML of Turquoise trend), but 1.1350 area should come first (the upper parallel Purple).
