Pitchforks
Is this Woo-Woo? Absolutely, it is. Get in here.I've not been doing a lot of technical analysis, but I really don't even need to keep up with it! I just come back every few months or years and check out my pitchforks. They're always giving me such an interesting perspective into the market.
If my pitchforks align with my love for Wyckoff Cycles (forextraininggroup.com), I trade those.
Today, for no reason, I added a little fib fan. I also added some grey boxes which were informed by various fib projections where I think the price action will be a knife fight. I added some red boxes where I lose total interest in a long position. I think the chart speaks for itself! Enjoy.
AUDUSD - DowntrendMajor Trend is bearish
4Hr made a Lower Low
Confluence Zone (in purple) drawn by pendulum fork & Standard fork
4Hr created a Fractal Candle
4Hr created a Reversal Divergence in confluence zone
4Hr rejecting from Resistance & Confluence Zone
Above conditions signal a potential change in direction
Tp defined by Fib retracement main levels.
USDCAD pullbackMajor Trend is bearish
4HR reversed as projected on my previous analysis
4HR broke thru both 4Hr supports converting them into resistances
Confluence Zone (in purple) Projected between 1.33300 & 1.33000
To buy I will wait for reversal signs (in yellow comment box) this might be just a pullback.
Remember that important news are due on Wednesday so might be best to wait if market trades sideways
May the profits be with you!
⚠️Don't get FOMO on Bitcoin⚠️Hi everyone👋 (Reading time less than 3 minutes⏰).
Why Shouldn't we Get FOMO on Bitcoin❗️❓
Please be with me in this post to answer this question.↘️
To analyze Bitcoin, I first used Fibonacci tools (price + time), I also identified 🟢support🟢 and 🔴resistance zones🔴 on the chart, and I used Volume , RSI , and Bollinger Bands indicators. I also specified 🔵CME Gaps🔵 on the chart that can be a road map for Bitcoin because they are completely filled up to this time.
⚠️Reasons not to get FOMO :⚠️
Bitcoin is moving in a 🔴heavy resistance zone ($ 32,400-$ 28,120)🔴, and most resistances or supports are not broken with the one-time test.
Bitcoin is moving in the 🟡Price Reversal Zone(PRZ)🟡.
Bitcoin is moving in the 🟡Time Reversal Zone(TRZ)🟡.
The Regular Divergence(RD-) between Volume & RSI indicators, and the price.
❗️Sell❗️ signal Bollinger Bands indicator: Sell signals form when the price goes up and a green candle breaks and closes above the upper band, and then it is followed by a red candle closing below the band.
🔔So, I expect Bitcoin to at least fall to the middle pitchfork line & support line and fill the first lower 🔵 CME Gap($ 28,265- $ 28,110) 🔵.
Bitcoin Analyze ( OKX:BTCUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Uncertainty on XRPXrp has a mind on its own.
-Currently escaped from bearish pitchfork which is a BULL sign and a safer moment to long with a proper Stop loss.
- 5/3/5 Elliott wave zig zag pattern where waves (A) and (C) are similar in lenght. Bullish sign.
- After completing the (C) wave, i cant find proper impulsive structure on a small time frame. Even worse, after moving up, move down looks impulsive. BEAR sign.
- Whole market is begging for a correction. Will xrp follow.
📉Gold 4H is preparing to rise above the 2000 level📈OANDA:XAUUSD
FOREXCOM:XAUUSD
Gold analytical series, Episode 05
Hello Traders, First take a look at my previous episodes.
Don't forget to risk-free your positions.
The First target, 1998.
Second target 2049
Please share ideas and leave a comment,
Let me know what's your idea.
CrazyS✌
USDJPY Trend ContinuationMajor Trend is Bullish
4Hr made a higher high
4Hr reversed on Daily Resistance
4Hr broke thru 4Hr resistance
4Hr touched confluence zone drawn by a slopped wash line/wash line & Frequency line
4Hr Created a Bull Divergence along with a Bullish Hidden Divergence
To Buy I will wait for a retest on the confluence Zone or Fractal Candle on 4HR & WAIT for news event.
May the Profits be with you!
AUDUSD Downtrend4HR Made a Lower Low & stopped on 4HR support
4HR created a Divergence in minor flow which might signal a pull back
4HR downtrend continues due to divergence on major flow and rejection on slopped wash line (in yellow) that happened last week.
To Short WAIT for pullback of price to pitchfork's upper Edge & retest Daily resistance (Note the frequency of the pitchfork Changed in dotted blue lines) a Hidden Bearish Divergence might be best in order to open a short trade
SL= upper lick of candles once reversal in minor flow is confirmed
TP1= 4H support
TP2= Daily support
May the profits be with you!
USDJPY Pullback4HR Made a Higher High
4HR broke thru Major sloped wash line (in Yellow)
4HR top candle tails rejecting from weekly resistance & Pitchfork edge
Major trend continues bullish to trade pullback wait for additional signals (inner candle+Fractal candle+Divergence) be conservative and trade short only for pull back
If Sell:
SL could be placed on top most whick of candlesticks
TP1 @ 30 Pips
TP2 @ 50 Pips
if Buy:
I will wait until price goes back to Daily Support & Pitchfork Center line to retest, wait for signs of reversal or 4HR continuation (Hidden Bullish Divergence or bullish reversal Divergence)
May the Profits be with you!
BTCUSD BUYHello, how are you . O dealer. and speculators. There is a high probability of a bullish bitcoin. With a very positive candle formation on the daily chart. It means strong entry. for Tiran. With a very strong correction of 0.50% which is a very strong percentage. in the cursor.Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
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Decent case for an impulse up.
Move down could go a couple ways,
so waiting for a bit of clarity.
Some nice reactive levels to watch
in the meantime.
Cheers!