Gold. back to previous idea @ 1898 +/-. 13/Sept/23Gold by breaking previous low, gold is trending down to 1898 +/- as previous idea. As 1898 +/- is a confluence zone of 1) Demand Zone 2) Trend line.
Pitchforks
SOLANA DUMP INCOMINGCRYPTO:SOLUSD
SOLANA DUMP INCOMING
Why?
- USD Strength
- Weekly uptrend line broken
- Leaving Mod-Schiff Fork
- Weekly MACD Bearish Cross
- Weekly DMI Bearish Cross (Pending)
Don't let the log-scale chart fool you.
We're looking at a return to $8 (December '22 low), or an even larger decline to $5 (the Aug '20 high)
That's a 50% - 70% drop from current levels.
Short it.
Fat_Fat
📉PEPE analysis after team conflict📈BINANCE:PEPEUSDT
OKX:PEPEUSDT
Hello Traders, please check out my previous ideas.
If the price stabilizes below the yellow area, the long scenario won't be fulfilled.
Targets are on the chart.
Optimum stop-loss for long position is below the 0.0000008415 level.
After what happened to Pepe's developer team and their conflict, there is a possibility of an upward return in the price trend if the sentiment around this project improves.
If the negative sentiment continues, the price of Pepe can decrease to the lower levels of the pitchfork.
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CrazyS✌
Quick EURUSD Short 15min
Short EURUSD
Looks double-toppy.
Energy Point/Fib Retracement Levels down below.
Shooting to take profit at the .702 retracement + Energy Point, around 1.070
Stop-Loss above the double top around 1.0761
Fat_Fat
UBER BUYHello, according to my analysis of the uber stock, there is a good buying opportunity. The stock has broken the upward channel. We also notice that the arrow is in an ascending direction as shown by the patchwork tool. good luck for everbody
NPH Finding Support: Potential Reversal ZoneNPH is seeking a weekly low price, here we see price back at the median support of the Pitchfork, a good area for a bounce. Price can move to the resistance of the Pitchfork and breakout. If it fails then we can expect a visit of the median line but this time lower and support of the blue parallel channel comes into scope.
NZDCAD counter trend long setupNZDCAD : Navigating the Bullish Pitchfork
NZDCAD seems to be respecting the bullish pitchfork that I've plotted on the chart. It's followed the script by touching the median line and is now making its way back down.
The Anticipated Scenario
I'm anticipating the price to retrace upwards to the liquidity zone above.
The Trade Strategy
I'll be watching if the price closes with separation at the lower parallel of the pitchfork. If that separation occurs, I'll enter a buy position, and my goal is to target either the median line of the pitchfork or the liquidity zone above whichever comes first.
Disclaimer:
Trading isn't just about analysis; it's also about adapting to the ever-evolving market. Keep an eye on the charts, stay updated with market news, and, most importantly, stick to your risk management plan.
📈EURO analysis, Weekly insight into price behavior📉FX:EURUSD
OANDA:EURUSD
Hello Traders, please check out my previous ideas.
Continuing from the previous analytical scenario, if the euro stabilizes above the yellow zone, the price can climb up to the pitchfork midline.
In the opposite scenario, if the price does not follow the conditions of the previous scenario, the price can fall to around the red zone and after that 1.064 level.
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CrazyS✌
Crude Oil - Breakout AlertNYMEX:CL1!
Watch for a breakout in Crude Oil.
An $84 handle on Crude could indicate a run back to the March '22 highs is en route.
We've seen Crude stuck in the $65-$80 trading range for around 8 months now.
While this base is being built, we see bullish divergence on a number of different oscillators.
Weekly candles found support right around the 200 Week EMA and price is leading short EMAs above long EMAs.
Weekly DMI shows that +DI just crossed bullish.
Setting Fibonacci time-zones from Covid Lows to March '22 highs, we see the 1.618 time-zone perfectly coincides with the post-Covid low in May '23.
Looking out to the 2.0 Fibonacci time-zone, we see the intersection of the time-zone, Schiff Median Line and March '22 highs at $130, in mid-January 2024.
*Due to the crazy wick in April 2020, I used the weekly open/close as the origin point for the Schiff ML.
If the upward trajectory continues, I'm getting long and hoping to ride price back to $130 or higher.
Additional Screenshots below.
Fat_Fat
AMD BUYHi, According to my analysis of AMD stock, there is a good opportunity to buy. Or a long-term investment. All reasons for purchasing are explained as shown in the analysis. Good luck everyone
King Dollar (DXY) Goes into HibernationThe DXY presented with a failed daily cycle by going below 22 June low, what followed was a sharp sell-off. We ended the week with a sign of reversal which is simply one to be viewed as a relief rally before going down further. The RSI being oversold might attract buyers but I expect the price action to mimic that between 15 November 2022 to January 2023 where it bobs up & down near the lower band.
We are in week 13, short weekly cycles are above 19 weeks so we have time for price to maintain downward trajectory before becoming alert for a strong reversal. While at it we must be cognisant of counter trends, the sharp drop in the DXY was due to inflation data, a counter trend can equally be fuelled by an opposite news especially around war & war of words between powerful nations. Conditions in EU/UK also put those nations in weak spots that can force traders into the dollar.
The Pitchfork gives us a guide, we lost the median line, we can backtest it out of the half cycle correction then head down with expectation the blue support might spur some short covering. When this chart is changed to a weekly we see the 200 week moving average nearby, a place for a strong bounce. Overall we must remain within the Pitchfork on the way down.
📉PEPE is ready for a price jump 📈BINANCE:PEPEUSDT
Hello Traders, please check out my previous ideas.
If the price stabilizes below the yellow area, the long scenario won't be fulfilled.
Targets are on the chart.
Optimum stop-loss is below the 0.0000008415 level.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
CrazyS✌
📈GBPUSD analysis, Weekly insight into price behavior📉FX:GBPUSD
FOREXCOM:GBPUSD
Hello Traders, please check out my previous ideas.
This is my first analysis on GBPUSD daily.
If the Pound stabilizes above the yellow zone (crossing the weekly Bollinger midline), the price can climb up to the 1.30 level.
In the opposite scenario, if the price does not follow the conditions of the previous scenario, the price can fall to around 1.2626.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
CrazyS✌
📈EURO analysis, Weekly insight into price behavior📉FX:EURUSD
OANDA:EURUSD
Hello Traders, please check out my previous ideas.
Continuing from the previous analytical scenario, if the euro stabilizes above the red zone (crossing the weekly Bollinger midline), the price can climb up to the right shoulder.
In the opposite scenario, if the price does not follow the conditions of the previous scenario, the price can fall to around 1.07676.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
CrazyS✌
📉PEPE is on the road to 30-40% retracement 📈BINANCE:PEPEUSDT
OKX:PEPEUSDT
Hello Traders, please check out my previous ideas.
If the price stabilizes above the previous price ceiling, the short scenario won't be fulfilled.
targets are on the chart.
optimum stop-loss is above the 0.2561 level.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
CrazyS✌
📈Bitcoin weekly prediction, 23K or 31K?📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders.
Due to the increase in trading volume in the last candles, I'm going to do some weekly Bitcoin analysis.
In the next few days, Bitcoin is expected to stabilize around the 24K - 26.8K.
If the price breaks below the mentioned area, the price will drop to the level of 24,080 (probably price receive support here) and then 22,500.
last stage for price decrease, is around 21K. (red area)
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
UNVEILING THE COMPREHENSIVE ARSENAL OF TRADING TOOLS
The trading landscape in the 21st century is characterized by a revolutionary fusion of cutting-edge technology and financial acumen. As the accessibility of trading increases, traders wield a versatile suite of tools that encompass chart patterns, Fibonacci retracements, Andrews' pitchfork, and the Zig Zag indicator. This in-depth exploration delves into the profound significance of these tools, unraveling their collective potential to empower proactive traders with precision, insight, and strategic advantage.
The Evolution of Modern Trading Tools:
The digital age has ushered in a new era of trading prowess, where rapid data flows and advanced software solutions redefine the boundaries of trading. Enabled by the synergy of computers, high-speed internet, and sophisticated charting software, traders enjoy real-time access to data analytics and market trends. Within this realm, a rich repository of tools is available, catering to traders' diverse needs with heightened precision and predictive power.
Chart Patterns : Deciphering Market Sentiment:
Chart patterns occupy a pivotal role as visual conduits of market psychology and price action trends. From classic formations like double bottoms to iconic patterns like head and shoulders, these visual representations encapsulate historical price movements and inform future price dynamics. Proactive traders leverage chart patterns to anticipate pivotal reversals and breakout points, weaving together historical trends and human behavioral insights into actionable trading strategies.
Fibonacci Retracements: Unveiling Harmonious Ratios:
At the nexus of mathematics and trading, Fibonacci retracements harmonize the natural ratios discovered by Leonardo of Pisa, known as Fibonacci. These ratios, including the Golden Ratio (0.618) and its derivatives, echo natural proportions that echo throughout nature and financial markets. Traders utilize these retracements to identify potential support and resistance levels, choreographing entry and exit points with a mathematical precision that complements market intuition.
Andrews' Pitchfork: Sculpting Market Trends:
From the annals of technical analysis emerges Andrews' pitchfork—a tool that imparts structure to market trends. Crafted by Dr. Alan Andrews, this method employs three pivotal price points to map out potential trend channels, identify support and resistance zones, and navigate the ebb and flow of market movements. Proactive traders harness this tool's prowess to create strategies that thrive within these discernible channels.
Zig Zag Indicator : Distilling Price Trends:
Navigating the labyrinthine price chart is simplified by the Zig Zag indicator—a tool designed to eliminate market noise and elucidate significant price movements. This indicator employs precise highs and lows to create lines that showcase trends with clarity, ensuring that traders are privy to substantial trends while disregarding minor fluctuations. In this manner, the Zig Zag indicator becomes a beacon amidst market complexity.
A Synergistic Trading Arsenal:
The amalgamation of chart patterns, Fibonacci retracements, Andrews' pitchfork, and the Zig Zag indicator engenders a holistic trading approach of unparalleled potency. While chart patterns unveil market psychology, Fibonacci retracements contribute mathematical precision, Andrews' pitchfork orchestrates trend analysis, and the Zig Zag indicator distills trends from noise, thus harmonizing a comprehensive trading strategy.
Conclusion:
In an era marked by unceasing innovation, success in trading is predicated upon the adept utilization of a multifaceted toolset. The amalgamated prowess of chart patterns, Fibonacci retracements, Andrews' pitchfork, and the Zig Zag indicator constitutes a comprehensive arsenal that empowers traders with foresight, precision, and strategic edge. As the 21st-century trading milieu continues its evolution, mastery over these tools remains pivotal, transforming the intricate dynamics of financial markets into a realm of opportunity and achievement.
TCPLTP
Apple Offer its "New" Phone with >20% discount? 19/August/23Apple probably give us rare change to have its "new" phone with more than 20% discount with "unprecedented" rare chance to have its phone "appreciate" more than 40%...
📈EURUSD 4H deadly analysis📉FX:EURUSD
OANDA:EURUSD
FOREXCOM:EURUSD
Hello Traders, please check out my previous ideas.
Just don't forget to risk-free your position when it reached the determined targets.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
CrazyS✌
NVDA crash July 10 weekDid you ever feel like you missed out on NVDA? Don't worry, you can make up for some of that and ride the price on its way down (aka, short selling or put options). The bear is coming for the market this week and it's going to ravish the tech.
NVDA price is at a pitchfork resistance level and so is its RSI. Additionally see the divergence between the price highs and the RSI highs which also indicate a bearish outlook. These (as well as insights from my own unpublished indicators) tell me that a significant price drop will come this week.
📈Bitcoin prediction, 26.5K or 31.5K? 📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders
Due to the decrease in trading volume in the last few weeks, I'm going to do some weekly Bitcoin analysis.
In the next few days, Bitcoin is expected to return to the $31,000 range if it holds above the indicated areas (29600-29800).
If the price breaks below the mentioned areas, the price will drop to the level of 28,460 and then 26,500.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
GBPCHF buy opportunity at lower parallelGBPCHF's Respecting Pitchfork:
GBPCHF is respecting the bullish pitchfork as it's drawn on the chart. It touched the median line, and is coming back down, which is a pretty textbook move. All in all, things seem to be playing out according to the rules.
New High Confirmation
It managed to make a new high in the process. This kind of behavior often signals that the price might have some plans to go further up.
Sliding Parallel: The Next Halt
My anticipation? I'm thinking the price might decide to put on the brakes around the sliding parallel. It's like a stopping point for a lot of price movements. If I were to make a move, I'd consider placing a buy limit order around here.
Target in Sight: Median Line
As for where I'm looking to take my profits, it's all eyes on the median line. That's my target. Aiming there seems like a prudent choice given the current setup.
Fractal Bar: Warning
There is a fractal bar just above the median line (marked in red on the chart). I'm not sure whether GBPCHF will break above it or not. So, if the price hits that fractal bar, I'm out. It's a maximum exit point for me. And even with that, the risk-reward ratio is a comfortable 1:3.
Disclaimer:
Keep in mind that trading involves risks. It is all about analyzing, strategizing, and adapting to the market's rhythm. Happy trading! 📈💹
📈Bitcoin, right time for a bullish rally? 📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders
Continuing our analysis of Bitcoin, the price is trying to use its support level within the fork structure to start a bullish rally.
In the next few days, Bitcoin is expected to return to the $31,000 range if it holds above the indicated areas (29600-29800).
If the price breaks below the mentioned areas, botcoin will drop to the level of 28,460 and then 26,500.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
