Are the stochastics signalling a bounce? Hard to say if the longer term down trend will prevail
Watch for the lagging span green line to catch up with and cross through the price to the upside
I'm skeptical of a breakout until bitcoin stops surging
Stochastics looking to embed and BCC has breached below its 100 dma. Price relative to clouds is bearish, conversion relative to base is bearish, plus bitcoin just broke out to new highs
A fall below 23% fib could take bcc lower along the blue diagnonal trend line b to the lower end of the black channel.
Resistance at blue line a, the upper end of the black...
General uncertainty and hesitation around the BTC fork has kept ETH relatively stagnant over the past week. In the short term I expect us to bounce off 217 and then move back up to 226 overnight. Hesitation and uncertainty tomorrow morning means very low volume , which will slowly drive us back down to 205-210. Once BTC seems to stabilize, we will see huge amounts...
The white fork is the major one.
Price flows according to it's path.
The blue fork is to watch for potential support/resistance within another dimensional (more sideways) flow.
However - I see price coming down to at least the L-MLH of the white fork.
May the forks with you §8-)
P!
I see that Gold has risen above the U-MH's.
But also stalled there, now trading back into the orange fork, and closed exactly above the blue U-MLH.
If price is trading back into the blue fork, then we will see a nice drop.
Otherwise it will rise like a balloon...until the guys with the needle ending the party once again.
So, let's observe and act accordingly.
P!
As you can see, not only the A/R-mesures catching the frequency of the price.
The WL1 indicates, that a good correction is overdue.
Usually such trades look like stepping in front of a tank.
But hey - I have a swiss halberd in my bedroom...
P!
EURUSD continues to consolidate within a rising wedge pattern, and the price action suggests a modest upside in the making. Price is likely to test 1.1260 – 1.1245 where resistance could be forming. This near-term upside is also validated by the doji close that has formed. Following a retest, a reversal from this resistance level could keep the EURUSD biased to...
EURUSD continues to consolidate within a rising wedge pattern, and the price action suggests a modest upside in the making. Price is likely to test 1.1260 – 1.1245 where resistance could be forming. This near-term upside is also validated by the doji close that has formed. Following a retest, a reversal from this resistance level could keep the EURUSD biased to...
So, price walks vey nice within the fork.
Until at least the first low is broken, there is no short trade for me.
Other then the ES, I see nothing to short this market at this time.
P!
If you follow the price step by step, then you hear it talking to you...
...nope, I'm not nuts §8-)
Start from the left side and read, while you follow the price and give yourself time for your one thinking.
First you can see price action, and how it unfolds.
Then, there is the fork, catching the frequency of price swings very good.
And in the end, we see that...
The breakout of the U-MLH (yellow) set the tone for Gold.
Now, with this scary pullback, many long positioned traders get stopped out and positions change hands
I will stalk a entry long as soon I see some stabilisation at the U-MLH.
P!
The current bar could be the re-test of the L-MLH.
This would indicate a further drop.
Taking the prior angle of price flow to find the potential target, the number would be around $43.
P!
At the mentoring group we called it a "Mountain".
To me, this is just a buyers zone.
But it doesn't matter how you call it.
It matters, how you use it, and what you are aware of, IF you use it.
Because this zone could get washed in a blink...
That's why it is always a good idea to first observe, and then let the market yell at you, if there is a potential entry...
Check the fibs just in case that was the top!
Watch the daily rsi
we are well above the 100 dma and many alts are dipping below theirs. Alt wealth could still flow into btc
After missing the lower (orange) centerline, RUT has made a first test of the L-MLH.
It's hard to say, where this market will go.
The Hagopian indicates a further surge, the test a potential new fall to the south.
Sitting on my hands and collecting theta meanwhile.
P!
