Andrew's Pitchfork
ALPHAUSDT is ready for bullish trendprice pullback to Andrews pitchfork is complete. price is above the komuclouds, bullish cross completed in last candle
Bitcoin will we bounce or go through median line??Believe price will still move up further a bit to median line, but not sure if it will continue up. Need to break thru seller barrier close ahead.
GOLD ANALYSISHere are 2 andrew pitchfork drawings for Gold.
I also expect fibonacci 0.50 retracement for the downtrend.
Profit / Risk ratio 1.50
Good Luck...
I'll try to ride EURJPY downUsing the action - reaction theory here, trying to reach the bottom of the pitchfork - let's see how it goes.
We have already formed some sort of heads and shoulders pattern that has now passed under the 34 moving average, therefore we are projecting a downwards move
GOLD ANALYSISIn my analysis for GOLD, the alignment of the Andrew's Pitchfork with the channel,
the Awesome oscillator going in the positive direction and the high profit / risk ratio will hopefully lead us to the goal.
Good luck...
gbpusd: Do we have a Divergence here ???Both RSI and Andrew's Pitchfork are showing us the same signal
BTCUSD: A Potential Move HigherBTCUSD
Bias – bullish
Reference timeframe – 12H
Entry timeframe – 30M
Entry order type – limit
BTCUSD has been working the 30-40k range , with quite a substantial volume traded in the midpoint of that. If bulls manage to absorb the selling in this range, another round of marking up the price is expected. Seems reasonable to be looking for limit long entries on lower timeframes.
MSFT looks to be going up for a wave 3Using andrews pitchfork, msft looks to be heading back to the median for wave 3
Apple looks to continue up for wave 3Using Elliot Wave theory, Apple still has not reached wave 3 target
Andrews Pitchfork on AAPL--------------------------------------------------------------
THIS IS NOT A FINANCIAL ADVICE!
GBPUSD, M15 if break PRZ...In M15: if Price can break Resistance PRZ(orange area), can go until upper warning line(Dashed line) on 78.6% Fibo Extension like green Arrow.
If not: goes down on Support area(horizontal dashed line & red line) on 23.6% Fibo Retracement or more.Now, there is two -Divergence in M5 & M15.
Notice : Short until first Support on 23.6% Fibo RET is more Possible !!
USDCHF, M15 Long or Shortin M15: If Price can break the Triangle to up & colored Area, can go up til End of yellow vertical line (second upper warning line(Dashed line)).
If can not: go down til second lower warning line (Dashed line).Now, there is a little -Divergence on MACD, if completed, the break down is more possible.
GBPUSD, M15 if break Resistance PRZ. Risky mediom impact NewsNotice: It is a risky position.There is mediom impact News for GBP so, BE CAREFUL
In M15: if Price can break important Resistance PRZ, it makes a -Divergence on MACD.It is good signal for short position until lower alarm line(Dashed line) or more until strong Support(red line) with very good Profit.
Notice: There is mediom impact News for GBP so, BE CAREFUL.
CADCHF, M15 if break...In M15: if Price can break bottom of Fork to up(lower line of Fork), can go up til first line (green line) or maybe until Midel line of Fork, but if can not: we will have a -Divergence & back down until lower alarm line(lower Dashed line).
CADJPY, M15 if break ...In M15: if Price break alarm line (Dashed line), can go up til upper alarm line.
If can not & makes a -Divergence, goes back down til lower alarm line
USDCAD, if break PRZIf Price can break orange PRZ (upper line of Fork + Trigger line), can comeback to up until upper Alarm line, like green Arrow.
I can not and break lower line of Fork, goes until lower Alarm line or more.
Notice: The first scenario (LONG) is more possible!!!
