Still on supportStill, the price is on the support level, if the support is maintained, there is a high possibility of the continuation of the upward trend
Pitchforks
SP500 crash prediction by ChatGPT? 9/Feb/23SPX crash?! Whether chatgpt is "reliable" or DAN ( do anything now ) is telling a "lie" by before / after 15 Feb 2023...hmmmm...hmmmm...
🔥EUREKA🔥Boi oh boi
Pretty sure this is it
Gonna be
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
Technicals:
Pitchforks off major pivots
5 pivots up off the 2019 low
Fibs
The final bulltrap
Lolololol
GRI 2022
Long COMPThis is no financial advice
Comp holding a structure breakout, against a monthly orderblock, with proper support on the 50 line of the pitchfork, expecting a move to the Median Line, Stochastic also giving some data about sentiment. My target will be the ML which can vary acoording to the timeline, but also eyeing the Breaker on the W and M tf, around 100 usd.
Stay safe
XAUUSD WILL SHORT ?As imy last weeks analysis said will will short GOLD until some factors change the market including the demanding of gold in very portential zone found in weekly chart.
NB.TAKE RISK WITH YOUR BRAIN THIS IS NOT ADVICE IS JUST AN IDEAL/CHEERS
hagopianIt seems that the price has hit a strong support level, if the support is maintained, the probability of the upward trend is high.
Potential double or triple zigzag
BTC got rejected at 4H Ichimoku cloud, and the bearish dragon pattern is still valid. With its cleanest theoretical target being a .786 retracement of XC, the prescribed bearish movement is likely if the price fails to mark a new high.
Considering parallel channels serving as S & R for months, a WXY formation (double zigzag) would be a candidate movement.
Even a WXYXZ move (triple zigzag) could be possible if an H&S pattern forms.
$BTCUSD Golden Crossed!!!Ok, I know there is A LOT of technicals out there, Fibonacci, moving average, pivots, Elliot wave, RSI volume, price volume, etc., However, one that is sorta high up on the priority list is the Golden cross (50 day moving average crossing above the 200 ma). Any technician knows about.. the flip side is the death cross.
Well Bitcoin just golden crossed this morning. So that’s now, the Dow Jones (golden X’d in mid December), the S&P500 (golden X’d on Friday 1/27/23) and Bitcoin..the Nasdaq has not crossed yet.
BTC back down from here...Using market frequency - based on Andrews Pitchforks on a high time frame (WEEKLY) we can see BTC hit the 1.272 fib setting and is looking to rollover. A shorting opportunity back to the lows around $17k.. not financial advise.. just my take.. until a further drop too $11-12K .. going against the crypto BS influencers on this..
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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!
Buying pullbacklooking good for third accumulation if it pulls back down to 13.75 , a long term plan but looking OK so far
SPX Elliott AnalysisAs I have mentioned before things "look" bullish and they are at leased until February option expiry. I still sense the market will eventually retest of 4,000 at which point the market can sink to new lows or complete a nesting wave 2 and move higher
SPY reached resistance levelSPY weekly reached pitchfork resistance levels and it's RSI as well. While a breakthrough on the upside is possible I find it more likely that SPY will fall.
Eurusd What is EUR USD?
The Currency Pair EUR/USD is the shortened term for the euro against U.S. dollar pair, or cross for the currencies of the European Union (EU) and the United States (USD). The currency pair indicates how many U.S. dollars (the quote currency) are needed to purchase one euro (the base currency).
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.
pullbackIf the pullback to the corrective channel is maintained, there is a high probability of the continuation of the upward trend
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.
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.
USD Monthly is at at Median LineUSD Monthly is at at Median Line. It's a very long term timeframe, however it still relevant information for position and swing traders. Then again, line is just a line, and ultimately it's the price action around supply/demand zones which provides the trading opportunities.
DOGE weekly with Median Line - UPDATE Somehow interesting and pretty relevant is now to check the perfect support offered by the lower parallel Median Line from 1'.2'.3' . Let's see if DOGE can move back above 0.1$ now (next huge psychological resistance)
Update of
