Gradually Shifting Normal Price HigherI think I see the plot here, idk just an idea based on Newton’s LOLZ:
The black dotted line around 140 is the “normal price” - just need a name to reference for the rest, calling it normal because Gaussian sounds lame. Yellow dotted lines are +-1 s.d., orange 2, red 3. GME needs to gradually walk the normal price higher to be able to trade at that level for a sustained period.
The previous pop back in March did not walk the norm higher, it just squeezed the FUD and then gave it all back and the norm stayed fairly unchanged.
Recent run tho is interesting, it’s actually taking its time and establishing a base at each successive level like a staircase. This current consolidation at the norm is attempting to change the norm by establishing a base for next pop to between 157 and 175.. it will likely consolidate there until high 160s become the norm, and then it will retest old norm for support before shooting for 175-193... etc, etc
When you play the Game of thrones you win or you Stop.
Regular
$AUD vs $CAD Weekly Chart.Flat completed |#aud #cad #fx #aussieTraders,
Since 29.07.2013 AUDCAD has been in a corrective regular flat pattern and has given us a 3-3-5 sequence till now, so expecting this correction to end for the last final wave which will probably unfold into a five-wave motive sequence to complete the A-B-C ZigZag pattern.
In the regular flat:
1 - Wave-(A) developed into a ZigZag internal structure 5-3-5, ending at 1.03500
2 - Wave-(B) developed into a Zig-Zag internal structure 5-3-5, ending at 0.91502 breaking (A) wave's origin by 16 pips.
3 - Wave-(C) developed into a 5-wave ending diagonal motive structure, with a truncated 5th wave as it was unable to break iii. wave's end. Patterns orthodox high slightly broke wave's (A) end, giving us a regular flat pattern.
First target is 0.85775 ( wave's low in the bigger ZigZag pattern) where many Fibonacci measurements cooperate, pointing a High-Probability reversal target.
Trade with discipline
Best
Regular DivergenceRegular Divergence signifies either a correction to the trend or after further confirmation, a complete reversal of the trend.
Regular Divergence is identified by comparing price action (PA) to the Relative strength index indicator (RSI).
Regular Bearish Divergence (RbD) occurs when price action forms a higher high (HH) but the RSI indicator forms a lower high (LH).
RbD is confirmed by the candle close below the previous candle low.
BASIC
The entry price is taken from the candle close.
The stop loss price is taken from the candle high.
The target is set at 1-2RR.
The trade is closed at the target price.
ADVANCED
50% of the position is closed at target.
The stop loss price is moved to the entry price.
The Long hedge position is the size of the initial short position.
The hedge entry price is taken from the candle close.
The stop loss price is taken from the previous swing low.
The target is set at 1-2RR.
50% of the position is closed at target.
The stop loss price is moved to the entry price.
LITECOIN Ready To Show Altcoins The Way? (210% Profit)D4rkEnergY is ready to spread more Love and Wisdom to you guys, so you can make some money! His BTC-calls lately have been extremely accurate, even his hater, dont say anything anymore. Its a bit of shame, cause I got a lot comments, which gave me reputation points.
But thats how it is, when you are a Stellar Trader. Anyway, back to the topic - Here is an excellent opportunity. This is Litecoin (LTCM19) on BitMEX, which you can play with 10x leverage (always use a Stop Loss, and never play more than 10x).
If you dont have BitMEX, You can also go in on Binance and trade LTCBTC! But lets jump right into it, and see, why this is such a good signal.
Bullish Structure - But Alts are Dangerous
On the 4 hour you can see how we are trading inside a descending wedge, which is a bullish formation. Notice how we managed to make an extremely good bounce on exactly the end of the 70% Value Are on the Volume Profile
Here we always have huge support. Litecoin is one of the altcoins, which are in the neutral zone. Only BTC and ETH are in a Bull Market, and most other alts are in bear market.
Litecoin has before shown its power, and have led the race, so maybe its time to come back now, which is a good time, hence BTC most likely will spend a day going sideways. The last reason why LTC might be a good signal is the regular Bullish Divergece - Just remember, that altcoins are extremely shaky at the moment, and if BTC makes sudden spikes it can ruin the pattern.
With Love from D4 - and leave a LIKE, please!