RUT - Detailed AnalysisRUT is screaming to the upside - again.
Where there Indications to it?
Well, I mean, we are never able to "predict" markets, right?
But what we can do is, apply a functioning method with rules and put together the puzzles.
I drew in the different Forks for the different levels of context and analysed the Pendulum-Swings and Swings.
Here's a detailed How-To Video how I've done it in the Russel:
www.forktrading.com
Forks
HG - Copper Video AnalysisI really like this video function from TV and it's a great tool.
So far it works great :)
Here is my analysis of the Copper Market.
I see a potential long trade, but also a potential to fall down further to the lower Centerline.
If you don't know yet what a Centerline, a MLH, a U-MLH, a WL1 is, then grab your free ForkTrading BLUEPRINT on my website (see footer!).
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ES - E-Mini ChallangeSince I mostly trade in the higher timeframes like daily, weekly & monthly, I sometimes need to sharpen my eyes and mind.
This can be done in the lower timeframes like hourly and even minutes...gee I hate these lower TF's because I'm not really good in these lower environments. But to evolve and to take bigger steps, one has to leave the comfort zone. So do I...
OK, here is a trade I consider:
If price closes below the L-MLH (white), I would stalk a short trade.
My idea is to wait for a potential pullback, a test/retest.
Hunt mode on...
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BIG PICTURE resistance and support as well as significant eventsThis is a big picture chart looking at resistance and support levels.
The vertical lines mark events.
1st red line is BCH fork.
Next blue line is the start of the first LTC spike
Followed by the green top of the LTC spike.
Then 2 more red lined on the BCG and failed 2X fork.
These are followed up by a blue line 1 month after (same time frame as before) which might mark the start of the next spike on TOMORROW.
The last 2 green lines would be the tops based on the BCG fork and the failed 2X for if the timing is the same as last time there was a bitcoin fork...
I have been hodling for a long time now so I’m really hopeful we will see another huge spike soon.
But honestly I’m hopping BTC does not follow the spike too because I would love to dump all my ltc into btc then ride into next year in btc. Sell off. Then go back to ltc just in time for lightening atomic swaps to become mainstream.
That’s my plan anyway...
COPX - Copper follows the ForkPrice overshoot the U-MLH of the downsloping Fork, but came back into the Fork.
Now there is a big chance that price will make a nice move to the downside.
Besides COPX I usually doublecheck with the HG1! Futures, and they are in line now.
Curious if it falls down to the Centerline, or if it stops at the L-MLH.
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CL - Crude on its travel to the southThis is a nice example how:
a) price reaches the Centerline (...over 80% of time) even multiple times
b) forks catching price extremes very good
c) action/reaction can be uncovered in the markets (...hi Newton, thanks for your axioms ;-) )
Of course, you just can use the Forks and it's ruleset to catch high probability trades.
But if you dig deeper and "learn to earn", then you have a good chance to become a happy camper sometimes...
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...give the ForkTrading BLUEPRINT a try! (...see footer!)
Meet WEAT again after the wash.Do you remember how I got flushed down the toilet with my Weat trade?
Well, here's another one - hopefully I don't have to deep dive again...
Let's see if we can make something out of it.
No, not entering immediately...there's a GAP that scares me to go long.
Patience jung Padavan §8-)
First I'l observe, how price behave down here at the centerline.
Peace!
TLT - This should open your eyes a litte moreJust look, study and begin to see.
If you know the rules about Action/Reaction, about the Forks, you have a better sense what potentially could happen when price reaches the centerline, or breaks out of the U-MLH and comes back ("overshoot" - "back to centerline" in pink).
Follow each bar, from left to right...slowly...think about what's going on bevor going to the next bar.
Feel how markets swing, up and down and up and down...breathe in, breath out...contraction, release.
As above so below
Drop me a message if you like it, have comments or want to learn more about the Forks.
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GC - Gold Bugs under pressureHere we have a clear zoom through the centerline.
As of the rules from Andrews, we can expect a pullback to it with a further continuation to the downside.
Keep in mind that the two grey lines are a potential support...I would not ignore this.
Waiting for a pullback and see what's going on.
ES - Rule Of Hagopian...once more...The rule of Hagopian says, that if price fails to reach the centerline, it will move in the opposite direction more then from where it came. I have observed this thousand times and the accuracy is insane.
1) the missing of the centerline
2) the start from where price came from...price went back further
Now I'm very courious if there is enough juice left to break the A/R's channel upper extreme.
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GC - Gold: U-MLH hit and rejected againNot only in the ES can Forks put context around price.
In Gold we can see that they catch the volatility bandwidth of the underlying.
I can see price now going sideways and then back to the centerline or further south...but who know, just follow price and trade good risk/reward.
P!