Forecastingtechniques
Market Forecasting with Gann Boxes, BTC. Bishko published an interesting BTC chart showing the use of Gann Fans yesterday.
I rarely see Gann's work being showcased on TV, so to continue the same vein, here is something to play with for those who want to diver deeper into market harmonics.
This chart uses essentially the same starting point as Bishko's chart, only using a 1-day chart, rather than a 3-day chart.
However, here I am showing the use of Gann Squares / Gann Boxes, as opposed to Gann angles.
I won't explain in detail how this works, as I believe in doing to work when it comes to discovering market secrets.
What I will say is that this box is formed fully off the price high 13868.
Both the price and the time dimensions are formed from the high.
That's a BIG clue on how to form a correct Gann box.
In fact, the ONLY piece of information you would need to draw this chart on the exact day of the high would be that price of 13868.
The price high will give you the future major support and resistance levels.
See the 0.25 / 0.382 / 0.5 / 0.618 levels on the chart. Those price supports would have been known months in advance.
But you'll see the Gann box doesn't extend through to the 0.618 level that was hit in March 2020.
Why is that?
Because the time cycle aspect of the initial price high reached its completion in mid-February 2020.
And what happened when that time cycle returned full cycle?
Immediately the market dropped.
You can look back at the other time ratios (0.382 and 0.75 especially) to see how upon reaching those points in time the market began major moves in their the same directions but significantly stronger, or switched directions entirely.
Gann boxes like this can give you key price levels and important dates of time to keep in mind, where the market has a significant chance of making major moves.
This can be done months in advance, as seen here.
Investigate this phenomenon for yourself.
Markets are harmonic in nature.
Price and Time are the same.
Good luck.
What is the Next Move for EURUSD?We are looking at EURUSD right now. This pair has a very sharp move over the last trading sessions.
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From our technical standpoint, if this pair continues to move up, we are watching closely the first resistance level at 1.2024 and if this is taken over, we are watching closely the next resistance level at 1.2144, followed by the third resistance level at 1.2336.
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On the other hand, if this pair decides to retrace to the downside, we are watching the first support level at 1.1125 and if this is taken over, we are watching closely the next support level at 1.0909.
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Good trading!
From the Desk of NinjaSingapore
17 August 2020
the matrix was the door wayI understand to be able to trade like the best you must literally think like the best and if you have to, try to remember how they would have gone about utilizing the skills we learn to better advance their own trading skills. thus some people hold trades longer cause they know more. so just act like those people and ask a few questions here and there. but overall. the potential results is if they done because of the way they did it and then so can you. it's a bit like neo in the matrix. my sense of thinking is thinking like the ones and potential opportunities of the ones will present themselves. you're a newbie. think like you and you will always be a newbie. and sometimes want to run back to the matrix cause it's better for your taste bud. well while I say let's wrestle
Does AUDCAD Drops down strongly on next weeks?OANDA:AUDCAD
Here is my analysis for the direction of the pricing in the next weeks. If I correct, need 1 - 2 weeks to reach Take Profit 1 and around 2 - 3 months to reach Take Profit 2. Incase I wrong, maybe the price will reach Stop Loss during the 1st week of June (Maybe today or tomorrow). Keep following up and share with me your opinion about this currency.
Don't miss the great buy opportunity in EURGBPTrading suggestion:
There is a possibility of temporary retracement to suggested support line (0.8769). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURGBP is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 0.8866
TP2= @ 0.8910
TP3= @ 0.8994
SL= Break below S2
BTCUSD Inception day 21-12-2019, Weekend forecast.As time goes by, the markets evolve.
More visible, more probable:
-Dashed lines; Possible forming patterns
-Solid lines; Confirmed patterns / support or resistance
-Dotted lines; Possible price-action trajectories
I guess we can conclude that BTC is going to breakout of this falling broadening wedge sooner or later. However if this forming ascending triangle in the shorter time frames is confirmed, then we might see a breakout to the upside towards the $8.1K region to retest the resistance of the FW, within approximately 3 days. Otherwise retesting the support of the FBW will be most probable, target bottom will be approx. $6.2k region, support of the FW. For the time being, we'll have to wait and let the markets evolve a bit. The fact that the price action is dancing around the EMA-89 in the 4H chart, means BTC is in a turning point. Bearish reversal otherwise bullish continuation. We'll discover soon enough. Gonna wait for the bullish pattern to confirm, then I'll definitely will become bullish. Like I mentioned in the previous idea.
In case you're wondering which indicators I'm using. She's called EMI, short for 'Epic Market Indicator' and it's a collection of diverse indicators.How to use, is in the description. You can use them like any other indicators. Search for 'epic market indicator' then add. I have recently published the latest versions. EMI 1 v3.0 & EMI 2 v2.0. Be careful and good luck traders!
BTCUSD price moves down to consolidate before the next growth At the 4-hours timeframe chart we can see the most relevant Bitcoin's price action.
Decrease started on 10th of July formed a small triangle which was easily broke up by bulls with insignificant volume increase. The price bounced from $9 060 to $11 160 level which equals 23.1% growth within 3 days. Rapid growth brought uncertainty and fear to market which is reflected by volume decrease, bears took power over the market.
Such price action created the second and the major triangle pattern which again was broken upward. The result was a positive mood among market players and subsequent 5 Elliott impulse growth waves. However there was no volume growth and thus the price started to crawl at the upper edge of adjusted RSI band. Once the price touched strong Fib 0.236 resistance it sharply went down to the parallel channel liquidating any potential of FOMO growth and breaking the resistance. Another band touch happened a day later, subsequent rejection created double top and closed the trap for bulls.
Currently we see a great potential of breaking parallel channel down triggering stop losses of recent longs which will result in sharp drop to $11 118 level and subsequent gradual decrease to the point (C) according to ABC Elliot corrective waves which is near to Fib 0.5 major support level. The forecast is enhanced by technical indicators state: we have no divergence, there is increasing volatility without tension and we are neutral according to CCI. Nevertheless we still have positive Ichi, Stoch and EMA 20 and 50 crossing.
We expect a short term decrease with a subsequent bounce from the support level. Such price action will be accompanied by a rise right to the mentioned at the chart levels.
Daily VZ forecast timing analysis by Supply-Demand strength21-Jun
Investing strategies by pretiming
Investing position about Supply-Demand(S&D) strength: In Falling section of high risk & low profit
Supply-Demand(S&D) strength Trend Analysis: About to begin a rebounding trend as a downward trend gradually gives way to slowdown in falling and rises fluctuations
Today's S&D strength Flow: Supply-Demand strength has changed from a strong selling flow to a suddenly strengthening buying flow.
View a Forecast Candlestick Shape Analysis of 10 days in the future: www.pretiming.com
(You can easily create a trading plan.)
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.1% (HIGH) ~ -1.2% (LOW), -0.8% (CLOSE)
%AVG in case of rising: 0.9% (HIGH) ~ -0.5% (LOW), 0.5% (CLOSE)
%AVG in case of falling: 0.3% (HIGH) ~ -1.6% (LOW), -1.3% (CLOSE)
Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
Daily USOIL forecast timing analysis by Supply-Demand strength21-Jun
Investing strategies WTI Crude Oil : TVC:USOIL
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening buying flow when stock market opening.
View a Forecast Candlestick Chart Analysis of 10 days in the future: www.pretiming.com
(You can easily create a trading plan.)
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.5% (HIGH) ~ -2.3% (LOW), -0.8% (CLOSE)
%AVG in case of rising: 1.9% (HIGH) ~ -0.7% (LOW), 1.5% (CLOSE)
%AVG in case of falling: 1.0% (HIGH) ~ -1.9% (LOW), -0.9% (CLOSE)
Daily MSFT forecast timing analysis by Supply-Demand strength21-Jun
Stock investing strategies
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
View a Forecast Candlestick Chart Analysis of 10 days in the future: www.pretiming.com
(You can easily create a trading plan.)
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.2% (HIGH) ~ -0.3% (LOW), -0.2% (CLOSE)
%AVG in case of rising: 1.3% (HIGH) ~ -0.3% (LOW), 0.9% (CLOSE)
%AVG in case of falling: 0.6% (HIGH) ~ -1.1% (LOW), -0.5% (CLOSE)
Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
Daily IWM forecast timing analysis by Supply-Demand strength21-Jun
Stock investing strategies
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward fluctuations.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
View a Forecast Candlestick Chart Analysis of 10 days in the future: www.pretiming.com
(You can easily create a trading plan.)
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.0% (HIGH) ~ -0.4% (LOW), -0.2% (CLOSE)
%AVG in case of rising: 1.0% (HIGH) ~ -0.3% (LOW), 0.7% (CLOSE)
%AVG in case of falling: 0.3% (HIGH) ~ -1.0% (LOW), -0.5% (CLOSE)
Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
SPY forecast timing analysis. 14-JunStock investing strategies
Read more: www.pretiming.com
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 1.1% (HIGH) ~ 0.3% (LOW), 0.9% (CLOSE)
%AVG in case of rising: 0.8% (HIGH) ~ -0.1%(LOW), 0.6% (CLOSE)
%AVG in case of falling: 0.2% (HIGH) ~ -0.8%(LOW), -0.3%(CLOSE)
Investing position about Supply-Demand(S&D) strength: Rising section of high profit & low risk
S&D strength Trend Analysis: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
EUR long on the right trail?
Good morning,
Looks like the EUR is finally out of its 10 months descending wedge, reversing its downtrend. What is helping the EUR finally push out? Could it be the political turmoil in England over Brexit? The US -China -Mexico dispute? None of this truly matter, its already priced in and all we have to do is look for a good entry and a good exit.
I shall take on the risk of entering at the high of days @ 1.1320 with a stop loss @ 1.1250 and a take profit @ 1.1420.
Good luck
GE stock price forecast timing analysis. 13-Jun
Investing position about Supply-Demand(S&D) strength: Rising section of high profit & low risk
Supply-Demand(S&D) strength linkage Trend Analysis: In the midst of an adjustment trend of downward direction box pattern stock price flow marked by limited rises and downward fluctuations.
Today's Supply-Demand(S&D) strength Flow: Supply-Demand strength has changed from a weak selling flow to a suddenly strengthening selling flow.
Possibility of change in forecast timing: Forecast timing has become high variability conditions. because the flow of supply - demand has changed, and the supply - demand linkage is unstable.
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.4% (HIGH) ~ -3.1% (LOW), -1.9%(CLOSE)
%AVG in case of rising: 3.2% (HIGH) ~ -0.8% (LOW), 2.4% (CLOSE)
%AVG in case of falling: 1.2% (HIGH) ~ -2.2% (LOW), -0.9%(CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
Read more a detailed Forecast Analysis Reports that candlestick shape and %change, S&D strength flow in the future 7 days.
www.pretiming.com