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Medianline

GC1! - Gold is breaking every barrierThis monthly chart shows that Gold is breaking every potential support since it started the decline from Mar. 2022. Let's see where next support/target could be: 1. a close above the orange Centerline is an indication for long 2. a close below the orange Centerline is bearish. Next support would be at the yellow dashed Warning-Line. 3. If 2. fails, the most potential lowest point would be the red Centerline and/or even the Orange L-MLH. So there we have it. Short plays? Why not, on daily pullbacks? Selling Call Spreads with decent Risk management could play out pretty good the next months. Let's see and observe.
COMEX:GC1!Short
by Tr8dingN3rd
S&P500 - At The Centerline, Potential PullbackFirst, there are two very nice Sine-Waves. These are "complex" legs in the count from 0-5. Currently price is fighting at the Center-Line. It's the same price region where the market found its prior support. There are two possibilities when we reference the Medianline (Pitchfork) rules: 1. Price will hold at the Center Line and pull back in the opposite direction. The major target would be the U-MLH (Upper-Medianline-Parallel). 2. Price will shoot through the Center Line, pullback to it and continue its path (in this case to the downside). The major target is the L-MLH. Are there any other signs to give us a clue for a Long or Short Trade? Let's see: - the Stochastic is heavy oversold. - the Delta has good divergence. - price at prior support How to play it? Why not reduce the risk and go with Micro Lots, or some SPY BP Spreads, to maintain you good sleep §8-)
CME_MINI:ES1!Long
by Tr8dingN3rd
2
ES - S&P 500 rebound finish?After the P5 Low, we have a super nice count to the upside. Now we may have to face that the little party is over. Potential P5 is in and if it's true, we go down at least the the U-MLH. An opposite view is, that price will advance to the upside even more. If that's the case the potential to reach the second Warning-Line WL2 is baked in. The Stochastics faster is already in a overbought territory. Further down moves and increasing Volume would confirm the first coffee-ground reading. Let's observe.
CME_MINI:ES1!Short
by Tr8dingN3rd
ES - S&P500 Fractal Coincidence?The Pattern: Sometimes it's too obvious to call it a coincidence. The Pitchforks: And as you can see, knowing how to use a tool can help to make intelligent decisions in trading. The short time-frame: The Pendulum Swing: The Trade: What if the trade fails? What if this fractal pattern is not playing out as expected? Then it just was a trade. Trading doesn't mean that current facts are an insurance for future outcome. And that's exactly why you have to know your tools and protect your money.
CME_MINI:MES1!Short
by Tr8dingN3rd
ES - S&P 500 potential up-moveLast days where pretty crazy again. So let's dig in to the daily TF and see what the chart reviles us. We had the move down to P 5/0. From where we expect a new 0-5 wave up. Since price trades lower than P1, we can say that this guy is confirmed. From P1 price moves down, and up again. This is just another wave count in a lower TF, because we would need to see price trading lower than the lowest point from P1 down to where I drew the grey support line. That was accomplished barely with the few points lower at (2). So far we can't confirm P2. We would anyway need a higher high above P1. That means, A low is only confirmed when the HIGH is broken, P1. According to the Mini-Medianline, price tells us that we have to wait for a clear break of the U-MLH, the Upper-Medianline-Parallel. Today could be the day, as price opened outside the U-MLH, and as I write this, price finds support at the U-MLH. Another indication for an up-move are all the Wicks to the left, marking a support zone. All this Coffee Ground reading leads me to see a potential up-move is coming from today and next week, and it could be big.
CME_MINI:ES1!Long
by Tr8dingN3rd