DXY analysis based on ICT concepts and candle scienceHello, greatest community Since this is my first post, I sincerely hope you find it useful.
I am going to start with a top-down analysis.
First, based on the monthly chart.
Currently, we are in the monthly SIBI, a reversal area.
What are we supposed to look for next?
A drop in momentum to the annual bisi target during the following months
Weekly Chart
It's Friday, the last day of the week. What can I see in this area right now?
1. It looks like we are about to create a weekly fair value gap, which we will trade from the following week in order to reach the next weekly SIBI shown on the chart.
2. On the other hand, we might make a BAG and search for the entry on the daily chart.
NB: I will post more information this weekend if I find someone who is interested.
Science
BTC Idea: May 19, 2022 (Fibonacci Analysis) Intraday Idea:
LONG
When price gets near, around & below $27K handle, look to buy . Targeting $30K handle
The .50 level of the Fib Retracement & .75 level of the Fib Resistance Fan act as static & dynamic support levels.
Price Target : $30,000.00 BTC
SHORT
When price gets near, around, & above $30K handle, look to sell . Targeting $27k handle
The .236 level of the Fib Retracement & .618 level of the Fib Resistance Fan act as static & dynamic resistance levels.
Price Target : $27,000.00 BTC
Tesla 22'-23' Forecast (Fibonacci Analysis)Base Case:
US Equities are experiencing broad base revaluations due to excess demand in the markets from the 2020 Stimulus. As a result, current markets are survival of the fittest & higher interest rate environments do not suit equities. I believe the markets are currently pricing in the highly anticipated two 50bps (FEDS FUNDS RATE) on June 14-15 & July 26-27 giving stocks room for the final bull rally (End of June - Q1 23') to begin the inevitable bear market, or "hard-landing". (Q2 23 - TBD).
I believe the risks of a recession in 2023 are 7/10.
Idea:
(Long)
Entry Price: ~$700.00
Entry Date: ~June 24, 2022 (Mid-to-late)
Price Target(s): $1,150.00, $1,250.00
Date Target(s): Mid to Late August, Q4 22' - Q1 23'
(Short)
Entry Price: $1,150.00, $1,250.00
Entry Date: Mid to Late August, Q4 22' - Q1 23'
Price Target: ~$660.00
Date Target: ~June 26, 2023 (Mid-to-late)
SAVA is looking strongNot a Financial Advisor.
SAVA Recently pulled back from newer highs at $70
I see potential to get up to $86- $92 over the course of the next couple of weeks.
I believe this to be a solid entry point for those shopping around. I see SAVA on its ways to reach new highs on a Mid term level trading plan.
Recent news around their phase 3 starting.
SAVA will be buzzing later in October, just my honest opinion.
GILD Watch for Breakout here! TRUMP PUMP! Gild on high watch with Trump receiving REMDISIVIR treatment and Trump reporting he is feeling better and expected to be discharged and return soon. Which means we could see green market this week. GILD is at my support zone and we have a gap up to fill at $69 If we can hold above $61.62 we could see a move back up to fill that gap. Good opportunity to long here!
Odd Coincidence + Piggish Peg = Potential PrecisionBasically stumbled upon a sequence of daily candles from June/July 2019 that looked identical to the 30-minute chart I was watching last night. I never use this timeframe and I also don't love watching tape until 1 AM, but today is an important day in terms of next month's direction.
Conclusion: See comments below for evidence, or simply wait and see if my Pig-Peg is right during the first two hours of trading. Recommend using it to trade the rest of the day, if so.
More importantly, If it turns out a near-exact resemblance, then that would provide empirical evidence for a very interesting concept about markets: that the S&P 500 Index is not only self-similar (for example, typically during a retracement of a pre-established area) but that when it does exhibit self-similarity on different timeframes (i.e. the Daily Chart at 3000 in 2019 is self-similar to current price movement at 3000), that it goes through the same sequence exact sequence at a accelerated pace.
Initial Thoughts if this Concept Backtests and Holds:
- Current 30-Min vs. 2019 Daily equates to a 48x decrease in the time it takes to complete the same sequence
- It is fair to posit that this particular instance is likely the largest timeframe differential in history because of how recently we crossed the 3000 threshold
- A fair example question would be "Does the time between newly established areas and retracement of a said area affect the time it takes to complete a given sequence"
- There are many other implications worth exploring and many other difficult questions that arise if this evidence holds up in any capacity
- It's not completely mind-blowing if you fully embrace the concept of fractals and harmonic price movements
Bottom Line: Nothing is proven until it is backtested, but feel that I have to share this publically in case it does have greater meaning.
On a less scientific note, if the Pig-Peg ties out, some serious cake can be made in the near future.
Let me know what you think and godspeed.
- The People's Pig
RUN finds support at 21.45 todayRUN came out hot at open, surging 4% an hour after the open, then pulling back to 21.60. Earnings coming on Feb 27, price looking to stay up before then. Needs to break 52w high at $22.40 tomorrow, should stay up to earnings. As a company, earnings look promising, and company is beating TSLA in battery and solar tech. Seems promising. Would be getting in at the end of the day, entry price $21.85, target price $24, stop loss $22.30. New support line today at $21.45.
BTC TA COMPLETEHello goys, here is something I wanted to tell all of you about for a long time now. It's a complete, zoomed out technical analysis of this whole crash and the things and events before it.
First of all, all these drops and wedges can be called somehow, not all persons however posses such great abilities at naming them all, remember, this is zoomed out, if the events surrounding me allow me to deliver more of my highly valuable time into sharing my hard-gained knowledge with you I will definitely use a chart that is more zoomed in.
Okay, let's look at the beginning, here we can see Additivum grossum fundamentalum, not a smart batch of cash like plebs would say, be professional. That led us straight into something which those who have been granted the knowledge call Dolnisius's transition, there is 2 of them right there, one is polaroid, the other one is apananonvertical. Lots of people have been eliminated or terminated by these two unforgiving transitions of Dolnisius.
Those two transitions aren't just there for eliminating the weak from the game, you need to remember that, these two transitions of Dolnisius have actually caused a massive transnanoatomical macrohonimindivium transition, this event has created something not a single one of us can calculate nor visualize, but it's there and it has been of great honor to see something as huge as this unfold in front of my eyes.
Dolnisius according to the legends has calculated and visualized exactly when and how these transtitions occur, what is their depth, what are the exact events that occur before them and how to help triggering them, he was a real genius and the works which have been found after his tragic death will be forwarded to generations of young scholars and will forever lay deep in our minds.
Now back to the grand event those two transitions caused, it proceeded to create a really complicated part of this technical analysis, yes it's the Hemophagus's grundild triangle, this one is apantransvertical, a really rare one.
This kind is surrounded by many legends and prophecies, apparently first mentioned in the old scripts from the famous Alexandrian library, however, those scripts were never found nor has there been found any proof of their existence, only legends and tales of the folk have survived.
Now we're getting into the part where one of Gartley's quotients has been doing its thing, this one is pretty common, it's opuloid, we can see that it dragged us down right into the lowest levels of eternal doom, this was the day of many and many more pink wojacks, Gartley's quotients are not a kind thing and cause a lot of hassle especially to the weak and deluded, you need to stay strong during those.
It's because they set the ground floor, you need to be ready for some huge pump after one of these occurs.
Gartley was a young man who was able to calculate cryptographic equations, functional functions of addition or disintegration, logarithmic functions and nanographics in a matter of seconds only by his using his great mind.
He sadly died in horrible pains after finishing his last stages working on the quotients.
Discovering, calculating and visualizing the quotients was a great discovery not one of us will ever forget.
We're getting at the end of this TA and we're ending positively, Spitzerlung's additions are really profitable, especially when they are of this scale.
Spitzerlung's mother said that her son has never left his room, all he has been doing since his birth was calculating equations, watching anime and reading science books.
He was a real genius, one wonders how many more things he could've provided for the human race if he didn't create a virtual world full of anime girls, we all truly hope he is fine.
CONCLUSION: MOON IMMINENT
Now you have seen a little bit from the vast knowledge the chosen ones posses, you have also learned a bit about the history of some of the greatest people.
I hope you take something from this and will stay tuned for more TAs.
Fundamental techniques or technical fundamentals of analysis?Division of analysis into two subcategories (fundamental and technical) seems to be a concept that has not profound base under it. If you find standard definitions of these and compare them, you'll find that major difference is the subset of data which analysis rely on. For technical analysis - subset contains historic prices and volume data, for fundamental - financial reports data, various macroeconomic factors (e.g. GDP, balance of trade). When you hear "support line" of "head and shoulders pattern" I guess you associate these terms with technical analysis. But why? Because it's "common knowledge" for trader/investor? What if I build a chart of unemployment (or any other quantified item from "fundamental" subset) over time and draw some support/resistance lines? What kind of analysis should it be?
Personally, I prefer another division. There are scientific analysis and non-scientific analysis. Scientific analysis based on creation of hypotheses about market data and testing validity of them. If hypothesis is valid, it can be used for future predictions and making trading decisions. Scientific analysis implies strict formalism and do not use concepts that cannot be accurately described. Before use of e.g "support lines" it needs full list of rules how to draw them and where points should be and what hypothetic influence should be on price near this line (also it drives to describing nearness). And after that - testing. Any other analysis that can't afford that formalism is non-scientific. I do not say that "support lines" does not work. But I don't see cases when this term at least described strictly - thus it's not scientific analysis. (leave in comments link to robust definition of this term if you disagree). If other people draw them and somehow use them - it does not make this type of analysis scientific. If mentioned people like drawing lines, triangles etc. without understanding what for - why don't they become artists (maybe suprematists)?
to be continued
EMC2 good for 50%+?EMC2 has been in free fall since it failed to live up to the usual pre-announcement hype. We are now revisiting an old trend line whilst looking to break out of a falling wedge.
Keep a stop loss at your desired risk level.
3 targets.
This is not trading advice, trade at your own risk.
Quantum LeapIt looks like the scientists have learned how to make quantum leaps up the prices charts. Can anyone explain this growth in TA terms? I measured 750% in 20 days. This is certainly an interesting phenomena to observe but I like the simplicity of Newtonian physics and expect gravity to return this ship to earth before the wormhole is closed.
The Exact Sciences Stock Chart Suggests Higher PricesExact Sciences shares are trading firmly above the uptrend line, which suggests that higher prices are likely to continue. This bullish view is further supported by the golden cross that was generated in July 2016.
A golden cross is a bullish indicator that is produced when the faster 50-day moving average (highlighted in blue) crosses above the slower 200-day moving average (highlighted in red). This indicator is popular among investors because it is used to confirm that a bull market is development. This indicator was generated in July 2016, and there are no signs that this indicator will avert any time soon. This is because EXAS stock is currently trading above both moving averages that generated this bullish indicator.
In January 2017, a bullish MACD cross was generated, indicating that the bullish momentum was once again propelling Exact Sciences stock. The path of least resistance is now geared toward higher prices. This indicator effectively confirmed that the consolidation wave had concluded, and served to suggest that a new impulse wave was in development.
CFO Cup & Handle ideaPossible C&H formation (more like malformation) May retrace to .45 range.
Also gap @ .40c is concerning but may not be respected due to current Soph support.
Easter weekend may see T2 close out with a minor sell down today.