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Pitchforks

Shib sitting up or rolling over?If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! From an Elliott wave stand point, there is a potential that this move up is just a larger move with in a correction. A blast off or a nice corrective pattern internally retracing this move could be a nice entry for a long. Only thing else I could see is it may be being in the midst of some kind of Diagonal. Also drop some Median Line Trading principle in there as well. As long as the last pivot holds "price should return to the median line approximately 80% of the time." Theses levels on watch in case of a pull back. Cheers!
Long
by CryptoKnee
1
LINKUSDT Exiting Ending Diagonal from the last impulsive wavePrice action, based on Elliot Waves principles, is falling from peak after complete an Ending Diagonal from the last extended impulsive wave to a potential target at local demand in hourly timeframe in a possible 78,6% retrace as shown on AB=CD pattern, below volume POC and after reject Anchored VWAP from May '22 bottom. Consolidating in a parallel channel as shown within a modified Schiff Pitchfork. Potential swing-downward in a corrective wave target to Dec '22 low re-test. Monthly Inside Bar zone.
Short
by firmestudio
1
Pitchforking for Gold with an eye on the Funds!COMEX:GC1! Looking for Gold to extend the rally and move towards the upper parallel of the long-term pitchfork. Currently looking to move towards the warning line of the downward sloping short-term pitchfork and the target will be the upper parallel of the upward sloping short term pitchfork. Historically, gold does not top until the Managed Money positions reach over 200K plus contracts and the Commercials short position reaches well over 400K. Look for the trend to continue upwards and keep an eye out for what the funds are doing.
COMEX:GC1!Long
by shardison
AUDUSD - still worth keeping an eye on until WednesdayMonitoring AUDUSD on intraday timeframes to form a price cap. I don’t like the impulsive move on H1 into this zone, but D1 takes precedence and there might be shorting opportunities tomorrow during London session, providing there will be a valid price cap to confirm the end of this trend. However the RBA has not ruled out another interest rate hike for the February, and that needs to be kept in mind, and AUD might stay up at these levels until Wednesday's CPI numbers.
by Uncertain_Outcome