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Medianlines

MSTR - Short again with two profit targetsP4 was a rejection at the Center-Line, the perfect short. To me the current situation commands me to add to this short. BTC is weaker and in a scary spot. MSTR also weaker and on the way to the PTG1. This time, the add to my short is not a technical signal, but a gut feeling and a combination of the current world situation. And hey, I maybe get slapped because I FOMO into this. But that's OK. Sometimes I need a little bit more Fun in the Game. I do such unintelligent trading when the overall performance allow me to. Let's go Captain Ahab!!!
NASDAQ:MSTRShort
by Tr8dingN3rd
Coffee KC - Why I see $390 and $470 as possibleThe Medianlines project the most probable path of price. It's not a fortunetelling tool. It's a technical tool which is based on serious statistical research. So, what I do when I use it is, using statistical proven evidence on a graphical basis, supported by a definite trading framework. Why do I pound on these information? Because it's important to understand what Medianlines aka Pitchforks are based off, and what they are good for in trading. No "Magic", just a tool that helps a trader/TA in it's daily Job. ANALYSIS OF COFFEE The up-sloping white Fork shows us the most probable path of price. It's up. Price blew through the Center-Line, found support, and advanced even more to the upside from there. Then we have the slanted yellow dashed lines. What are they? Many say this is a action/reaction thingy. Others say, it's a timing tool. I say, it's both. The way I use it, it takes in the angle from the last real high, and the low of the pullback from it. Then I go back to the last low before the new high. This creates an Angle, and a width. Combined it gives us not only a potential timing, but with the dynamic of price movement also potential resistance/support. So, we can see where we got such signals - where the orange circles are. The second one intersects very nicely with the Center-Line of the white Fork. I observe this "incident" often when I use them. Back to Coffee...BRB §8-) We see the time/price line intersecting with the 1/4 line of the Fork. I expect a reaction there - even a pullback back to the Center-Line is possible from there. But if price also blows through this level, then I know that the next Target will be the Upper-Medianline-Parallel. So, there we have it. I hope you can take away some knowledge from this post and thanks for all the boosting and following folks.
ICEUS:KC1!Long
by Tr8dingN3rd
5
RUT - Russel is in a similar "Dump" patternIn 2021 we saw the Russel creating this Dump Pattern: 1. Sideways 2. Break the high 3. Dump Watch how it looks now. To me it's very, very similar. Any other confirming signals? Yes! Price reached the white Center-Line and started to go south. Here's my game plan: If the weekly TB is broken on a close, and an Open is below the TB afterwards, I'm looking for a short entry. PTG1 is at the red Center-Line and a runner with a definite PTG2 at the green support line. My weapons will be the Options, not the Futures. It gives me much more leeway and freedom of flexibility.
TVC:RUTShort
by Tr8dingN3rd
Why I Buy MacDonalds With Both HandsMCD tanked impressively lately. I had no clue why. Then I checked the News, which I very rarely do. There was one article that made absolutely no sense to me: "Concerns about weight-loss drugs: There are some concerns that the growing popularity of weight-loss drugs, such as Ozempic and Wegovy, could take away demand from food companies like McDonald's." To me, this writer has inverse Logic. Why? Because if I would love the (crappy) MCD Food, and I could just take a Pill and loose weight, I would probably eat more at MCD. However, I buy with both hands since MCD is a the Center-Line of this Pull-Back Fork, as soon I have some indication. (Heads Up: Earnings ahead!) And remember: You can buy, even when you sell (...hint: Puts). It's the Buffet way. If price close in the money at end of DTE, you got the Put's premium, AND the Stock for a way cheaper price. If price is closing out of the money after DTE, you keep the premium....double Whopper §8-) Away for a healthy Burger at $MyOneKitchen.
NYSE:MCDLong
by Tr8dingN3rd
2
META has the potential for an EPIC failThe squeeze to the upside was phenomenal! But in my view, they over-pumped it - who ever it was... The white Center-Line provided good support when price failed at the GAP/Resistance Zone. this zone is built just with the range of the GAP-Bar. After the CL support, meta reached the another temporary high at the orange CL, bounce back to the white CL again and once more got pumped up to the orange CL/GAP/Resistance zone, where it hangs out now. Of course; If I had the money to move markets, I would want my Stock to be as high as possible to a) unload and b)short it for a Double-Whammy. The huge divergence with price and RSI speaks for it self. I know that I know NOTHING. But I know what I can "Project" into the future. It's good to be prepared, also for a move in the opposite direction, which is Up Up and away. That means, if I short, my risk is small. No need to be a Hero and win a T-Shirt for putting myself at risk to loose my House, Cats & Dogs. I am fully aware, that price is currently ABOVE the white CL and no lower low is broken yet. That's what makes a short so difficult. Peace4TheWorld!
NASDAQ:METAShort
by Tr8dingN3rd
RTX has 2 Short-Levels I would jump inThe orange Fork projects the pull-back potential, which is the Center-Line. There are 3 short levels I see: 1. The primary is way up in the primary Sellers Zone. Although this would be the most profitable one, it has a caveat: Price would by then have broken the Trend Barrier (Dotted slanting Trendline). 2. The secondary Short lies the Secondary Short level, right where the GAP happend. Within this level is also a tiny bunching, where price was not able to overcome. As for the Oscillators, the MACD and Mansfield are pointing to a Down-Trend. Only the RSI seems to be oversold and is indicating a potential pullback, which is in essence the reason to look for a short. It's supported by the Buyers Zone, where price was picked up by the Bulls. Definitely a Chart that has it's place in my watch list. Happy day Tr8dingN3rds §8-)
NYSE:RTX
by Tr8dingN3rd
S&P500 on the way to the projected levelHere we are, seeing the projection I posted on my site and here becoming reality. P4 was slightly above the Center-Line. How price is falling through it. Next Target is P5. Either the Warning-Line, or the Lower-Medianline-Parallel. In between I expect a bounce up to the Centerline. Also, keep in mind that we could get a HAGOPIAN! That means, if price is not reaching the L-MLH, and pulling back above the CL, then possibilities are up for a huge move to the North. I took partial profits as shown in my last video on YT today. The rest is riding down to one of the targets. Steak & Lobster Baby! §8-) Wish you all a happy day.
CME_MINI:ES1!Short
by Tr8dingN3rd
TESLA ran into the sellers zone againYes, I'm already short TESLA. And I want to load my boat even more. Here's why: 1. The grey up-sloping Pendulum Fork produces a big HAGOPIAN. 2. Price get's knocked on the head, every time it trades into the Sellers Zone. (Sellers are still there). 3. Red down-sloping Fork: Price got rejected at the U-MLH. That's it? Yes, that's it. If you want the very details of this analysis, I did a deep dive of TSLA this morning and posted the Video. Let me know what you think about this trade §8-)
NASDAQ:TSLAShort
by Tr8dingN3rd
6
S&P500 -ES has reached the Top for now.This is my 100% believe, that the S&P500 has reached at least a temporary high. From here we will go down, at least to the dashed WL (Warning Line). We had the Open & Close below the Lower Medianline Parallel. But price couldn't reach the WL. So, that means we had a HAGOPIAN cooking. A HAGOPIAN means, that price will go further in the opposite direction than from where price came. And this rule was right. SP500 was going up like there is no tomorrow. Just stupid buying all the way. Today it found it's wall, banging it's had on the Lower Medianline Parallel. This was the first Test. As we know, price can create multiple tests before dropping down. I was observing price action the last couple weeks and it was Insanity at it's best. Be it from Algos or HFT's, I don't care. I just follow my rules and currently they say: <<< IT's OVA >>> So, I follow my Medianline/Fork Rules and I'm Short. The target is as of my rules, the next Line, which is the Warning Line. Interestingly it's also where price intersects with the bigger (Green) Pendulum Swing Fork. Let's have a Christmas experience §8-)
CME_MINI:ES1!Short
by Tr8dingN3rd