Pitchforks
AUDUSD short First time using Pitchfork indicators.
We are getting closer to s/r level. Price has reached 1.382 fibo level and now reversing back as correction to finally reach 1.618 fibo level.
I have pointed in a circle level where I have 4 conformations to enter:
1. s/r level
2. two pitchforks (50 and 30) crosses
3. 0.768 fibo level that was build on bearish impulse move
4. 1.618 level of a bullish impulse move (darker fibo).
It's experimental trade. Let see how it'll work.
Good luck:)
GBPJPY SELL JBPJPY im looking for short (sell opportunity)
reasons:
1. H4 resistance
2.LWT sell side trend broken.
3.equal lows/ LQ down side
4. IB,OB down side
BTC Done or moar fun!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!
Bounce off of an area of interest I had been eyeing for awhile.
Now I see 5 Elliott wave waves up, but is it done? 🤔
Seeing some confluence in the yellow box.
Here too
But if it breaks above that, next resist is in the 28k area.
Break down, need some levels to turn flippers. 🐬
Break W4, impulse complete.
Cheers!
EURUSD H10 - potential shorting opportunities if . . . If EURUSD breaks this support zone (consisting of Median Line and the minor demand), then there could be shorting opportunities (pullbacks to minor supply zones on lower TFs)
hagopianIf this idea goes well, there is a high probability that there will be a strong upward movement ahead
MYEG. Lost “big cxxxxxxxx”? 13/ Feb/23.MYEG possible forming a triangle in wave a (green), where It May take few years to build a “base” @ 0.285 +/- before a “new rally “ for ATH.
EURUSD Short ideaHello,Traders! EUR-USD is trading in a Downtrend and broke Out of the bearish wedge So I think it will fall further Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Expanding Diagonal Scenario
Overall, everything is going along with our predictions.
BTC formed a bearish Seahorse , metamorphosing into a bearish Dragon , substantially achieving its target, and then testing one of the parallel channels effective for months.
I presented the idea of forming a triple zigzag with a pitchfork, but the chart also seems different.
If this 21400 level holds, the chart could form an expanding diagonal with the help of a harmonic bullish deep crab (green), up to approx. 22800 area, where the H & S's neckline zone, the pitchfork's Fib 2 level, and the 4H Ichimoku cloud are present.
Suppose the new high fails to establish there. In that case, point (D) will be the final pivot of the expanding diagonal triangle into the 20500-20700 zone, where there is a confluence of many S&R elements (daily cloud, parallel channel, pitchfork, H&S' s Fib 1.618, and significant volume zone).
XRP - I CAN HAZ GARTLEY NOW?Hey crew, forgive my radio silence here, coding up a storm and generally strapped for time but let's do a quick breakdown on this beauty eh?
As I've repeatedly stated, XRP ALWAYS pumps before a dump. Here are some key points :
XRP, similar to staked tokens has a massive escrow and when they release tokens, there's usually a distribution pattern shortly thereafter
All the market-wide carnage from bankruptcies, fraudsters, SEC and regulatory uncertainty has clearly NOT yet fully manifested
All "relief rallies" must come to an end and The Bear is NOT over (imho)
So we've def got a Gartley now, no question and there looks to be a Wyckoff distribution painted on the chart here.
I personally just stick to Fibs and Forks for my placements and use DCA always to hedge and minimize risks with the following portfolio objectives :
1. Take scalps
2. Increase holdings
3. keep portfolio "in profit" at all times using shorts to hedge against high probability down moves
So that's it folks, hope you stay in the green and as always, not investment advice here, we still have a date with the 0.10 cent range :)
~ Box
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
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..
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!
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.
