NVDA - Back again, now down again?The pattern seems to repeat.
Again, we had a HAGOPIAN, which sais, that price goes back more than from where it came, and this rule was right.
Up in here, I'm not that confident anymore that price will reach the Centerline. But, it's not about what I think, or how confident I'm are. I just have to follow my Strategy and act according to the Rules, the trading framework of the Medianlines.
That said, we either shoot up on earnings, or we definitely tank down. For now, there is no trade, only a Gamble. I rarely gamble, so I'll sit on the sidelines and let it happen whatever will come out on earnings.
As for a Lotto-Ticket, I would buy some Puts and just have fun to watch how they get burned, or how I get a Christmas Moment in the beginning of the new year §8-)
Medianlinetrading
TLSA takes a breather, a deep oneTrend Barrier is broken.
Close below the Weekly Center-Line.
There's mostly a reaction to such events, so I expect a slight weekly pullback to the upside before a complete break to the PTG1.
PTG2 could be the continuation profit target mid term.
Rule #1: Protect You Soldiers
GC - Golden Rocketship To The U-MLHWe got on the Rocket-Ship earlier and took profit.
If you're still in with a position, or if you can manage to get in with a decent Risk/Reward, you may want to aim for the U-MLH.
The Stars look good and profits are twinkling §8-)
If the 1/4 line is cracked, we will see a follow-through.
NQ - Nasdaq is set up to POP or DROP, and here's whyIt's nagging and nagging and nagging at the U-MLH, but this Cheese must be super hard.
If we they are not able to eat through it, open and close above it, then the I'm on to stalk a short.
PTG1 is the 1/4 line
PTG2 is the Center-Line
IF we open and close above the U-MLH, the target is the white Center-Line.
It's simple, clear and there's not more to babble about this opportunity.
CL - Crude Oil is approaching the Center-Line SupportAs mentioned in the previous analysis, we see that CL pushed back and comes right to where we expect it to go, down to the Center-Line.
Our job here is to observe how it reacts in here. Support at the Center-Line, or a blow through, or swinging around it?
Patience is key, and the observation time is very valuable, because we can learn from it and feed our stats.
Patience young Padavan, patience. §8-)
NVDA - Waiting for a pullback to add to my short exposureThe first NVDA analysis went pretty well.
Let's see what we can do from here.
Over the weekend the world was going crazy once more. This knocked the markets down and they opened in the red, and so does NVDA.
I would like to see a pullback to the 1/4 line. Because this would give me the chance to load the short even more.
Target is the Center-Line.
(Former analysis linked)
BTCUSD Textbook but bad for LongsAccording to the trading framework of the Medianlines, BTCUSD is behaving perfect.
If we close below the white Center-Line, first profit target is at the 1/4 line, second is at the L-MLH.
Only a reversal aka HAGOPIAN can turn the momentum from down to up. It's when price is open and close above the white Center-Line again.
Turbulent times ahead...
Gold advancing to our profit target 2So far, everything played out wonderful.
PTG 1 is in the books and now Gold is moving towards our second PTG.
However, trailing the stop below structure is never a bad Idea. The worst that can happen is, that the trade gets stopped out in profit.
Check out the whole setup at the related publications.
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.
Bitcoin Short Term ShortThis is just a daily and short term view.
First we see the support at the Center-Line.
Then it got cracked and price trades below it.
Now we see resistance on pullbacks up to the CL.
I expect a move to the south, at least down to the white-dashed CL.
If price can jump above the green CL, then further upside is ahead.
That's it for a short term view.
For a broader view, just check the thread on the linked chart analysis.
DAX - Bullseye! Next Act: The Decline?Whenever the markets are booming, whenever a gardener starts giving stock recommendations, it’s time to brace yourself…
The German Dax has reached it's Centerline.
It's back in Balance - Or has reached it's extreme, depending on how you look at it.
Whenever this happens, we the Market
a) turns and trades in the opposite direction towards the next LIne. In this case the Lower-Medianline-Parallel.
or
b) trades through it, most of the time comes back to it, and continues in the origianl direction, which in this case would be up.
To me, this is the time to watch the DAX more closely. If you are a follower, you now that I have a Bias - which is not always helpful in my trading.
But yes, I tend to lean to the short side. Specially in these over hyped, over invested times.
So I stalk a short, but in the same time be open for a long after a confirmation on the daily time-frame.
Let's see, let's be patient and don't listen to your gardener... 🌱👨🌾 🌿👩🌾
MSTR - Back to a new short levelAfter hitting Profit Target 1 (PTG1), it’s time to make a decision about the remaining position.
The fact is, MSTR tested the 1/4 level for the second time and found solid support there. Now we’ve moved higher, back to the centerline.
For me, it’s clear: if we get an Open and Close — a full bar — above the CL, I’ll close the rest of my short position.
I still think MSTR is heavily manipulated. Besides the fact that this Bitcoin catalyst isn’t following BTC’s moves the way it should, it’s cheating investors for profits.
That said — if there’s weakness, I’ll continue building the position. If I had no position, this is the place where I would open it on a Short trigger.
If there’s strength, I’ll close it.
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.
MSTR keeps digging its own grave.Well, since my last post about MSTR, the trolls have been having a field day.
What a blast! §8-)
I stand by my previous post about MSTR because, honestly, I see no future in this SCAM.
Especially now that Bitcoin is teetering on the edge of a deep pullback (see my last post about Bitcoin for more).
So, what do we have here?
MSTR broke through the centerline and tried to claw its way back up.
Then came the decisive breakdown.
An open and close below the centerline paved the way for a trip south.
Thanks to more hype and yadda-yadda reports, we saw a pullback up to the centerline — which, by the way, was perfectly in line with the trading framework of forks.
But after that failed pullback, the price went the other way, and MSTR has been digging its way further south.
For those who took profits at the 1/4 line, you can now look forward to PTG2 with confidence.
Or, if you’re convinced that MSTR is headed for a reckoning with regulators in the medium term (although that seems doubtful since they all seem to be napping...), you might consider doubling down on your short position.
Wishing everyone a profitable and exciting new trading week!
Crude Oil breaks and follows projectionAfter the long consolidation time, CL finally broke the Trend-Barrier (TB) and is now on the move to the upside.
It's not stupid to aim for the 1/4 line as PTG1.
But for sure I would only close a portion of the position, since the upside potential is far higher.
And if you don't know how much to bank, just go with 50% of your investment. If it's going higher, you're still participating from the move.
If it goes sour, you have already banked 50%.
Just create a plan and follow it.
Nasdaq under pressure and aims for 18'400NQ is being pushed down, and a rebound doesn’t seem possible at the moment.
There are some fundamental factors supporting this weakness. However, as a chart analyst, I focus on the signals within the chart itself.
What I see is a possible target around 18,400, which aligns with the L-MLH.
With the weakness of the MAG7, the Nasdaq is unlikely to make further gains. The options are sideways or down. The latter is what I trade according to the rulebook.
META - A Clear Short CandidateThere are just too many signs to not take a Short in META.
- failed to reach the Warning-Line.
- massive resistance
- breach of the Trend-Barrier
- insanely overextended
Potential (partial) targets are the
- U-MLH
- Orange CL
- White CL
- L-MLH of both
May Santa be with us §8-)
DV - Good reasons to go longI like a clean movement of price.
Certainly this is the case in $DV.
What I like the most is the behavior at the Accumulation Zone. In my Video I go over this in detail and explain how one could also play it with Options. If things go the wrong way, you could even morph it into a new Strategy.
Reasons to buy:
- Accumulation Zone held
- Rising Volume / Doubled since Oct.
- CIB (Change In Behavior broken
- Vol. Profile: HVN@Acummul. Zone
- 80% Chance to the Center-Line
Consideration:
- wait for a Pull-Back to Buy and/or
Sell Options to get assigned to go
Long and capture Premium too.
Stop/Loss:
- Full body Candle Open/Close below
A. Zone if long the Underlying
- With Options: Start Wheel Strategy