TIME
SN Sanchez Energy Accum/Dist Breakout to All Time HighsSanchez Energy's chart may look down-and-out with recent profit taking, but actually it is the Accumulation/Distribution Line (ADL) that tells the real story. The ADL has broken out to all time highs, and now the chart has to play catch-up and rally, the Heikin-Ashi TrendBars are signalling that the new bullish trend has already started.
Reference ADL Divergence
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Anticipatory layout with important trend lines, levels, timefibsWe might be cought in sideways within the red channel for another 20 days.
I look at the Willy or MAGNUS™ indicator and compare it to a similar situation we had a couple months ago.
The yellow box had some rangebound action in it with a little breakdown in the middle ( just like we had it now ).
The question is what will happen after the yellow box? The red box like last time?
Then we will definitelly see 280 again.
Or if 320 holds (looks like some strong demand is sitting there),
we'll see another pump like seen in the last green box !
Also check out the time fib analysis :
0.382 & 0.618 were important points in time, so 1 will probably be important too! Likely a major low/high in price.
The target for a bullish move is the thick blue dashed line, which is this years top resistance trend line. You can expect sellers there.
Gold Price and Time Squaring Using Fibonacci NumbersAs an update to the previous post, 1201$ did act as a short term resistance, pushing the price back down to 1142 in a few days.
Now, I have marked the low at 1131$ as a Major Low for various reasons:
1st, because it has shown impulsive price action which we have not already seen since the Major Top at 10th of July.
2nd, because We've counted the Elliott Waves and this low was the end of the 5th wave and the top at 1220$ retraced 38.2%
of the whole bearish wave.
So if this is our new Major price extreme, we are going to change our anchor price from 1345$ to 1131$.
I have found the daily bar in 1st December 2014 a really crazy bar.
Here's why:
From the low at 1131$ to this bar's top, it is 89$ difference.
Also from the start of the downfall for Gold, which happened in 10th of July, to this candle's date is exactly 144 Calendar Days.
It seems to be an example of squaring in price and time.
I have opened a test trade just to meet the lows.
If this analysis turns out to be true, we will be seeing new lows for gold in the following weeks.
As always, I'll be happy to hear your comments.
And until next time,
Take care.
Fun With (Time) Fibs, Follow Up.This is just a follow up chart for an earlier idea I had albeit given up on ( ). I've had to update it for the obvious reason that the April 10th bottom didn't hold, thus the time fibs fell out of whack. So this is just the same basic, mirrored time fib study as last time, just built on the latest data available.
DAX German Stock Index -Daily -"If the log rolls over". SELLDAX potential "smack down" from a 5-day time at mode signal ending on Thursday's close and note that the new 5-breakout-failure where a 5-day consolidation failed to lead to a new buy signal could be a sign of exhaustion up here ... A little drop and a sell signal is triggered (and CCI has crossed under +100 for a 4th time in this rally = typical of a bull market move. A main cause for concern is the "internal strength" of the rally as measured by my proprietary "range movement" indicator is saying this is a "weak rally" with a sub-par 50% retracement... So, I am looking to SELL under The previous 3-day lows and target 9080 minimum. 9291 last...
If we get a range completely above the purple "6" rectangle area, then a new buy signal will register. Cover any shorts and go long.
SP500 below 1.000 within April 2016....Looking at the tops of 2000, and 2007, it is interesting to see where we are 06. Nov 2014 in price and time related to these two former tops.
Calculating the time from the Sept. 2000 to the October 2007 top, and then extend the 85 bars from 2007 to November 2014. Markets can be due for longer correction. Adding the pitchfork shows the index streched on price.
The downmove in 2000 took the SP500 - 48% in 668 days. The downmove in 2007 took the SP500 - 56% in 518 days. If we calculated the shortest move in price and time, markets can end up below 1.000 within March of 2016. Comments?
Brent Crude Oil is heading towards a sweet area for a shortHello guys,
After the recent break of crude oil out of a really lengthy consolidation phase (Triangle), as anticipated we're seeing lower lows ever since.
This trending environment makes every Elliott Wave trader happier than any other time.
In the previous 14 days we've been sitting in the retracement of the recent down-move.
We're heading towards a sweet confluence area which I've marked with a tiny yellow rectangle.
As noted in the chart it has incredible confluences of all kind. From 1.272 expansion to 38.2% retracement.
This kind of setup is ranked among highest probability trade setups.
Now, as every smart trader wants to get out of a wrong setup, we're put our stops on 94.2, just above 61.8% retracement, in order to get out of this trade with minimum loss.
I've never done time predictions, but let me test my luck on this one:
I think UKOIL is going to hit 89.2 at the end of September or early in November.
My projected days are: 31st of September or 2nd, 3rd of November.
I got this time from the time cycles Brent has been going through.
The retracements have been 6 days long. Now this one is expected to be 18 days long = 3 x 6 days
I hope this setup sets as expected,
Until next time, have a profitable week.
Davood Wadi.
Future of BitcoinFibonacci numbers (blue vertical lines) and ratios (purple) applied on time.
In case of failure, we break 450, and should expect 260 (last bubbles top)
If we keep climbing up and break top resistance expect rally up to 3000 - 4000.
Infact targets like 10k for the next bubble are unreasonable.
The next bubble will be more like a last breath of the bulls,
before a major correction to around 440 (current bottom level).
A major correction is needed to balance out the
bearish divergence of the last bubble (see weekly RSI etc.)
Only then we will find ourself in a more modest uptrend with
next bubble peaking around 18k at fib number 8 at beginning of 2017.
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Fun with Fibs.Building on an idea I had while working on my previous chart (), I have found what I'll describe as a ‘Mirrored Fibonacci Sequence’ (marked by the blue & orange zones) in the time scale of Bitcoin’s price discovery. I call it ‘mirrored’ because the fibs oscillate backwards, then forwards on each consequent bubble.
The red & green zones are from observations made on a previous study (). They mark out a consistent pattern that can be observed across Bitcoin's entire price history. These red & green time frames are important as they synchronise closely with the mirrored time fibs (blue & orange). IT should be noted, the current green zone we are trading in ends on the 20th of August 2014, & if this theory holds up, should mark the very beginning of the next parabolic phase.
I’ve left my longterm trend lines in for those who might want to speculate on what price these fib time frames might offer longterm. Albeit they are not my primary focus on this chart.
Perhaps the most notable feature for me is how much larger the bubbles are when two 1.618 fib lines meet up (June 2011 & April 2013).
Credit to munkeefonix for his excellent time corrected historic Mt Gox data: For those interested the long term support is strung between $0.07 on the 14th October 2010 & $13.50 on the 13th of January 2013.
Update 19th August 2014
The current timefib we are now in is just on 3 days off completion. I originally calculated the 20th of August as the day price will reach base camp, using the daily chart. But after fine tuning the scales on the 2hr chart back from the the November 2013 ATH I've recalculated the 22nd of August 2014 as D-Day. That said, going back over previous bubbles the margin of error is as much as a week! So any time between now & end of August is good time to pitch the tents at base camp. I think the answer to the question of 'when' this market makes it's way to the next parabolic phase will boil down to two things: Whether a highly capitalised minority still believe Bitcoin has the potential to put in a new all time high. And whether that minority lie in wait, fearful that other highly capitalised individuals will take the first mover advantage from them. In my opinion we still have the time & price range for another leg down. That might even allow the price to put in a highly pivotal H&S reversal. Popcorn at the ready, I'm going to enjoy the show :)
[ SIDEWAYS ] - Fibchannel + Timefibs
Carefully adjusted fibchannel and timefibs.
Allignments of price and fib channel are marked by yellow lines (scale out to see more allignments)
0.618 - 0.764 time fibs mark a potential breakout area.
Next weeks I expect moves within the red diagonals, less volatility, smaller trend angles on downmoves, short: sideways.
So moon rally likely to start in august.
Yin & YangCheck this out guys ! the mean for this cycle is around 608. thats where the triangle is closing. also price rendered around the same area above and bellow the mean. also price fell bellow the mean exactly at the halftime of the triangle ! isn't this stuff fascinating :O alltogether this "means" xD that something big is going to happen on or maybe before the 9th of july . I expect price to shoot up : ]
Triangle intersected by time fibsAnnotations on the chart. Due to the fact that such triangles often breakout after 75% - 80% completion, the 0.764 fib seems to fit great. Also the month of July will then mark the beginning of a new cycle with a rally up to 6000 (10 times the value before rally starts, so around 600)