Here we have it on the daily. This will be a rocket ride, leaving "Forest" way behind. One way ticket, one way ticket to the mooon ;-) Trade save and don't jump the gun! P!
See how price reacts at the centerline/slding/AR-Lines ? The SWAP in Nov. 16 marked the range and of course it has to come back to breath out. Lastly the weak hands got scared out by a very hard and final drop (red bar). Now I can imagine that time is right to collect some premium on the downside. Even a RiskReversal my be a good trade. P!
Here we have SNAP, respecting the U-MLH and reached the Centerline perfectly bevor bouncing up. This 60min. bar is not over now, but we already can see how price of SNAP reacting at the centerline, the place where price is going in over 80% of time. From here, price could zoom through the CL. or bounce back to it, just to turn and go north. Observing...
IBB found support at the centerline. Next station - U-MLH. With this could be a nice RIskReversal-Trade. P!
Crude is in correction mode. It's beautiful trading within the Pullback-Fork and has broken the L-MLH of the smaller blue PB-Fork. The actual pullback to it is textbook like...which I like! ;-) P!
First of all...I post this from my Mini-Pad. I am now even more a TradingView Fan then bevor! With my fat Fingers, its pissible to work this Chart...Fantastic!!! OK, back to work. Price reached the U-MLH after pulling back, right into the sellers. If price really starts to go south, I expect a nice trip to the CL. GN & sleep well P!
The real last high was on 2015/08/31 - with a very low close, basically a give-up. From 2016/01/08 price started to stair-step in big swings. The prior high, from where buyers gave up, was the exact point where they once again ran out of power, failing to break north and go higher. OPEC brought news in the last days - they would even lower prices much more to...
The sideways range is cracked. Next logical target is the centerline. P!
The zoom above the centerline and back down, to retest it. Now we have a nice stop and a good RiskReward. Let's ride down to the L-MLH. P!
Expecting price to hit the L-MLH. P!
So, it looks like they just washed everybody hiding the stop behind the round number .27 level. The actual movement looks similar violent like the one to the left and is a good Short opportunity for me. As we know, price is going to the centerline over 80% of time. And this is my target, but managing "on the flow". P!
The prior chart speaks for it self. This chart is a closer look to the current situation. Price closed below the L-MLH = It's going to the next extreme. On a higher scale, this would be a drop from the Blue centerline with target to the Blue L-MLH. But be careful: I see price got pressed. And the bulls holding it up, what leads to this small triangle, resulting...
After the trendline breach, I expect a pullback to the breakout. Then a further decline to the centerline and from there potentially back north. Hunt mode on. P!
After the hard selloff, TLT decided to flip back up the centerline. I patiently waited for this pullback to initiate a RiskReversal, which is in play since last week. Play it small and often and enhance your chance to fulfil the stats numbers. P!
A nice and clean zoom of the centerline to the upside. But I expect a retest of the centerline. From there I would like to go long...unfortunately there is no good stop for a directional play - means, I go with a options strategy (RiskReversal/ PutSpread). Resistance at the prior breakout/zoom level (orange). Patience...always have to be patient.
This big fork seems to catch the extremes and center of the Bonds. Centerline is reached and the potential that it will bounce from there is really high. If I would want to play this underlying, I would switch to TLT... P!
Over and over and over again... Price reaches the centerline over 80%. Any Market, Any Timeframe - You could even take wheater data and find out that it works §8-) Here's your seat to learn - it's free: mytradingcoach.teachable.com P!
AUDUSD is nearing the completion of a bearish cypher pattern on the 1HR chart. The PRZ may find resistance from the center of a rising channel. Entry is placed at the top of the PRZ with SL at 1.13XA and target at .5CD. Confluence in the PRZ: Bearish cypher 1.272BC Projection 2.5AB=CD Channel center resistance S/R Zone