ETH Work to $14.90Beautiful Inverse head and shoulders
how people draw necklines is more Art than science
I draw mine like this
Log tgt projects to old highs
So I must be right! lol
I jest
kinda .. lol
You got Eth classic
Now you got ETH not so classic, for this bull market to enjoy as well ... which in speculative terms should do better , just because it hasn't been exposed to a bull market before
fundamentally this is a way better ETH classic lol ... If it stillworkd and the nodes are synicing up and miners are still mining I have no idea #DYOR
#Pulsechain just thought I throw that tag in ... lol
Forks
TSM on ChatGPTChip maker Taiwan Semiconductor Manufacturing Company Ltd. may benefit from ChatGPT. Their scope is international and they manufacture 95% of small chips.
Targets: confluence of 2 forks, VAH and fib 0.618
SL idea: $86 is below the intersection of the 2 forks medians and below a 4hr fractal
ES - S&P500 E-Mini With Target Down To The 60'sHere are a lot of lines cooking.
According to the A/R Set (dashed blue), the time seems ripe for a turn to the south, indicated by the yellow down sloping Fork.
In it's way to the yellow Centerline are a couple of natural support lines, like the orange A/R-Centerline, creating a confluence with the pink Trendline.
A break of this dashed orange CL' would indicate a further drop to the L-MLH (orangen). Then from there again one floor deeper, to the white dashed CL'. And if this support is also not holding, then the Rule Nr. 1 applies to the yellow Centerline.
I guess we a nice observation path...
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ZCLASSIC REGRESSION We have a critical burble point can lead the price to all time high again.
Regards,
Mohsen
ZCL proposal - uptrend ?ZCL has bounced from its decline to back in the uptrend. It should follow this trend in an Elliot wave formation on the way up. We should see larger increases if Bittrex announce support for the fork, which in turn may break the trend line and go on a RUN !! However, for now ZCL seems to be solid and climbing.
CL - Crudes Next Trip To The Long SideAction/Reaction lines seem to catch the frequency of crude.
Also, price stoped dead at the WL1.
How ever - it's probably too early to think of a trade.
Observation hat on...
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If you like these Forks, why not dive into it with my free ForkTrading BLUEPRINT. See Footer...
AAPL Back To CenterlineApple found its balance.
We see that the drop stopped at the Centerline, a price target which was expected. I elaborated about it in the Weekly Outlook on my website.
From here a further drop must be confirmed by a close below the Centerrline.
A sharp rise would not impress me, since there where multiple attempts to reach the U-MLH.
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WEAT - Potential to turn?Since my last video post, price banged it's head precisely at the L-MLH and fell back to the virtual Centerline (red-dotted).
This is no surprise, because more often then not, we see test/retest after one of the Fork's lines are broken.
At this time, price has a good chance to turn trend, since it's stretched and most of the longs have puked out the last dime.
No hurries here.
Let's let price crawl above the L-MLH and decide from there.
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Action & Reaction At WorkThis is how Action/Reaction roughly works:
1) take the center of a major swing
2) mesure back and
3) project it forward.
Observe how price is acting/reaction at the R-Lines.
This is the same principle like: "If you push to a wall, the wall is pushing back."
On my new Blog-Post for registered FreeFTG members, I'm going into details about this technique that stem from Newtons 3rd law of motion, and adapted to the charts by Dr. W. Babson, who made a fortune and started the Babson Collage.
It pays out to know more then just common trading knowledge...
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NEO pullback target and possible entry point Right now I'm 100% invested in ETH. And as I look at most of the pairs that I'm interested in, ETH continues to outperform. I'm long term bullish on NEO and waiting for an entry point. According to my wave count, I'm expecting an intermediate wave (4) pullback. These waves typically pullback to the wave 4 of lesser degree level. In this case, it coincides nicely, with the lower fork trend line. I'd like to scale in starting around 100, hoping I get the chance to get some at $90 as well.
ETHUSD - Ether's swings, support & resistanceForks give you areas of extremes and balance.
On this chart we see, that the U-MLH (Upper-Medianline-Parallel) plays a imporant role in this game.
But also the WL's (Warning Lines) catch the resistance and support areas of ActionRaction.
Maybe we should keep these levels in mind.
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§8-)
BTCUSD - Price Is Stretched To The DownsideAs we see, price is stretched to the downside.
Price got rejected at the L-MLH (orange), and is now in bounce mode.
I'm considering buying in to this blowoff slowly - if anything...
I want to see price stabilising here at the low, then waiting for my signals and then start buying...maybe... ;-)
So, no hurry for me, because there are millions of trades waiting to be taken out there.
I remember my mentor once said many years ago:
"Never let you get sucked into something you have fear to miss..."
P!
§8-)
BTC - Watch how it reacts at the Warning-LinesI never have seen such a bubble, going nearly straight up to the 8th Warning-Line!
But on the way, price reacts at these support/resistance levels (Warning-Lines), drawn in advance by the rules of Action/Reaction (see the white circles).
I mean, if this is not taking your attention, and make you thinking about testing the ForkTrading technique...
Action/Reaction is a universal law, discovered by Newton.
And it influences us in every aspect of our live - if we like it or not.
...and as you can see, even Bitcoin can't hide from it ;-)
I remember when my mentor told me, that I could use the Forks even on a chart of temperature, or anything that fluctuate.
I was ultra sceptical, because I trapped into many BS., bevor discovering the Forks and Action/Reaction.
So the logical thing was, to make my hands dirty and dig deep into this adventure. I worked countless hours, tested what I found many times and finally I was able to filter out what worked for me.
(Yes, not every aspect of the original Fork Trading Course from Andrews worked...there are many traps one can fall in because of the old language he used and sometimes weird explanation.)
So I spent a good part of my live, discovering the Forks and A/R.
I was a member of a group of professional "Forkers", where one of these mentors even was a student of the Inventor, Dr. A. Andrews! I worked very hard and learned there for many years and spent over 10K in this project.
The outcome is, what I trade off these days.
It's the result of years of continued work - The ForkTrading Method.
This combination of a high chance of over 80% when using Forks, and the use of a particular instrument for the trade, for example Options Strategies, ensures me that I will have a fantastic edge when initiating a trade.
This method enables me to find high probability trades.
Yes I know, it's not a magic money printing machine. We only can manage our trades, but not influence the markets direction, what ever and how ever you will trade.
And exactly at this point lies the advantage of the combination of Forks and trading vehicles like Option Strategies or even combination of Futures AND Options AND stocks...
What do you think you will get, if you combine high probability methods/systems...? Definitely at least something interesting ;-)
OK, but how does this help you?
I created the "ForkTrading BLUEPRINT". It's kind of a ultra fast Crash-Course in ForkTrading. Everybody who's going through this ForkTrading BLUEPRINT is able to prove the same what I did. So you don't have to believe me and you can prove it for yourself...hey, I laid the solid ground for you with this still Free ForkTrading BLUEPRINT.
In short:
- find real high probability trades.
- use the edge of the embedded chance of over 80% by nature (A/R) and combine them with other high probability strategies.
- look behind the curtain by enhance your knowledge
- it's still free
... hell - what else are you looking for? ;-)
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NQ - Nasdaq formed a pattern for a potential down move.I elaborated about this pattern here on TV already a couple times.
Because we have reached the Centerline and price formed this pattern, I'm confident that we could see a larger move down to the L-MLH.
Let's observe how this plays out to get a good understanding of the price movement within this context.
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ES - Double HagopianWatch how price reacted at the Fork-Lines.
First price could not break down to the CL, after reaching the U-MLH. This is called a "Hagopian". This means, price will go further in the direction from where it came.
And so did the Market: Price was running up, above the U-MLH and towards the Warning Line. But there again, price failed to reach the WL and that was another Hagopian, which means, price runs down more from where it came...
Now watch where price ran to...
...and don't miss out my Free ForkTrading BLUEPRINT on my website. See Footer below.
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