ARC
Market Tutorials: Creating ArcsHope you are well!
For this tutorial, the topic is how to create arcs using an angulation method.
First, take an axis. This axis is down to up. Observe and determine whether it fits better as a 8x1 or 4x1 - or 1x8 and 1x4.
Once that is determined, place the geometric angles onto the axis, and use the 1x1 angle as the axis for the arc.
Grab your favorite arc tool such as the fibonacci circles, speed resistance arcs, or the gann box. Place the arc over the image and be sure the arc aligns with the box created from the angulation method.
Tip:
Be sure that the arc is circling the square, so the arc will only tip the edge of the square rather than end inside of it.
The height of the original square to use comes from the height of the initial axis used to create the angulation.
The intersection of the height of the square and the 1x1 is where the arc should tip the square.
The final height and width of the true square comes from the height and width of the arc measured from the horizontal and vertical portions of said arc.
Enjoy! Be well!
Suggested Reading:
Law of Vibration - Tony Plummer
Michael Jenkins - Geometry of Stock Market Profits, Chart Reading for Professional Traders, Complete Stock Market Forecasting Course
Scott M. Carney - The Harmonic Trader, Harmonic Trading Volume I, Harmonic Trading Volume II, Harmonic Trading Volume III
H.M. Gartley - Profits in the Stock Market
Bill Williams - Trading Chaos, New Trading Dimensions, Trading Chaos 2nd Edition
J.M. Hurst - The Profit Magic of Stock Transaction Timing, Cyclic Analysis: A Dynamic Approach
Fabio Oreste - Quantum Trading
Michael Jardine - New Frontiers in Fibonacci Trading
The Wave Principle, Nature's Law
Ralph Nelson Elliot
Technical Analysis of the Financial Markets
John J. Murphy
A Complete Guide to Volume Price Analysis
Anna Coulling
Mastering The Elliot Wave
Glenn Neely
The Best Trendline Methods of Alan Andrews and Five New Trendline Techniques
Patrick Mikula
Geometry: Ellipses on an Adjusted AxisHey! Hope you are doing well!
In both charts the native resolution is five minutes.
In this example, the ellipse is precisely derived from the angulation of the move.
In this example, the ellipse is derived through various harmonics.
Enjoy! And be well!
Suggested Reading:
Law of Vibration - Tony Plummer
Michael Jenkins - Geometry of Stock Market Profits, Chart Reading for Professional Traders, Complete Stock Market Forecasting Course
Scott M. Carney - The Harmonic Trader, Harmonic Trading Volume I, Harmonic Trading Volume II, Harmonic Trading Volume III
H.M. Gartley - Profits in the Stock Market
Bill Wiliams - Trading Chaos, New Trading Dimensions, Trading Chaos 2nd Edition
J.M. Hurst - The Profit Magic of Stock Transaction Timing, Cyclic Analysis: A Dynamic Approach
Fabio Dreste - Quantum Trading
Michael Jardine - New Frontiers in Fibonacci Trading
The Wave Principle, Nature's Law
Ralph Nelson Elliot
Technical Analysis of the Financial Markets
John J. Murphy
A Complete Guide to Volume Price Analysis
Anna Coulling
Mastering The Elliot Wave
Glenn Neely
Geometric, trendlines and fib structures for mapping bearWe have crossed the 10% correction on Nas in rapid manner. The wise investor has a roadmap, doesnt blow their load in one go.
Using an arc that originates at covid low and terminates at the oct 2018 high, intersecting a long term nas trendline that captures pre 2018 support.
fib extensions of the spring/breakdown zone that we experienced between 15.5k and 16.7k point to (1.618)12.875k, and (2.618)10.44k.
fib retrace from 2018 low place a focal point almost exactly at nas 10k. The arc provides room for upside and criteria for breakout from the bear market.
This doesnt need to be a bear market, (we can V shape back to 'normal' again), but quantifying protracted downside can help map things out.
If you dont prepare, then prepare to get smoked! -queso_lord
Peso correction - USDMXN LongThe Peso has had a smaller run to the upside and institution have been peso long. However last data showed an increase in shorts on the peso and therefor
we think maybe we will see USDMXN going higher.
This is one of our favorite pairs to trade and maybe its because of the tequila =)
Happy smart trading!
DOT Polkadot: Next Leg Up PossibleQuick Analysis on Polkadot ( DOTUSD ) on a 1D Linear Chart:
1) An Arc line has been drawn for Polkadot as the price has been moving up the Arc.
2) From the first top price of about $51 to the next top price of about $55, there was an estimated 10% price increase. The estimated new All Time High for the price, assuming a 10% increase, would be around $61-$62.
3) The RSI (relative strength index) has the potential to go back up as it is currently hovering in the oversold region and with a possible double bottom pattern, it could move up quickly.
4) The Volume is heavy.
5) After this move upwards, the price may have the potential to go Parabolic!
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
EOS: A bit of a long shotRight now i don’t like EOS price action in all honesty. However, i noticed that some kind of arc is forming.
I said “a bit of a long shot” in the title because this is the weekly chart and i don’t usually plan trades that are this long.
However, when playing with timeframes of multiple months, i like to take a look at the fundamentals of the project too.
Specifically, EOS plans to release their own exchange (“Bullish” is the name if i’m not mistaken) later this year/early 2022. This exchange will have a feature others don’t currently have: it will store every single transaction on the EOS blockchain itself. I can see the release of the exchange being a major catalyst for EOS’s price.
All in all, i like this trade and i took a position. My average is something around the $4.9 mark.
I strongly advice you to do your own research on this own because there are some kind of controversial topics regarding the project itself (specifically on the ICO).
Good luck!
BABA TO 120 --- BEAR CASEChinese government will own a part of Alibabas business, goverment scrunity continues, JD.COM is favored (Cathie Wood also bets like this).
Alibaba did not complie, and will not complie to SEC rules, probably it will be excluded from NYSE in the upcoming years,
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THIS IS NOT A FINANCIAL ADVICE
$FCC perfect bounce on the edge of the Arc.First Cobalt just proved the validity of the arc with a nice bounce out of a bullish pennant. We could be looking at a quick 3 bagger here.
GDXJ Arc indicates low risk entry with 250% upside The fun side of the arc in the junior miners is currently playing out. At the moment, we reside at the edge of the arc, which presents a very low risk high reward entry. Completion of the arc would indicate a gain of around 250% + overshoot, in an 18 months timeframe.
Ethereum crushing - New ATH multiple times daily????Ideas are in the video - sorry, LazyBear 😂, "Volume Accumulation Percentage Indicator" was the name I couldn't recall in the video. All three that were used in this chart are solid though. By far in my top 8 or so indicators to use in, basically any time-frame above 15 minutes. Please feel free to share your thoughts, feelings, possibly concerns - keep the secrets to yourself though.
ROO Deliveroo is showing signs of strength, ive been accumulating all the way down as i like the stock and i like the business!!
Never really used arcs in trading before (used it on an alt coin once and it worked, coincidence maybe?!) so itll be interesting to see how this plays out, usually stick to price action and Fibs but anyways!!!
Trade safe people... not financial advice!!!!
GDX: In the Arc We TrustAMEX:GDX has formed long-term support that has been built upon the arc shown in the chart. Should this arc prove to be true and continue to hold, it will lead us to our SCOTCHstocks initial target range of $52-$60.
Everything shared here is my own opinion and no results are guaranteed. Good luck!