Too many information on charts. What's a trader to do? Put context around it to filter and see the important stuff. Price got rejected at the upper U-MLH (!) Here we are again. Another rejection will shoot price down to the centerline again (...maybe). If price can manage to crawl up to the orange line - I call this the 1-Line-Trade - I looking for signals to...
Even in the Daily TF we see a high potential for a bounce to the downside. WL1 (Warning Line 1) is reached. This will be a nice bet next week. P!
The A/R lines catching the price movement on the up and downside (green rectangles). After the last zoom through the CL, price stopped at the A/R & L-MLH. From here I hunt a long signal with options, for example with a RiskReversal or just simple naked puts. P!
Altough price was in a hurry, it failed to reach the centerline, broke below and now we see the textbook test. Even a retest (a second one) is possible, bevor heading south. ...trend and flow is still up - not even a prior pivot low is broken...so I have to play it small when shorting the retest.
If the last highs to the left wont hold, price will meet the centerline. From there, a reversal is very possible. Interestingly the neon-blue ray points to the CL too (kinda Wolfe-Wave thing). Hunting for a long. P!
To me it looks like a good opportunity to start buying in this underlying if there are signals on the lower TF's. We will see if the L-MLH will hold. No need to hurry, but hunting. P!
This big fork seems to catch the extremes and center of the Bonds. Centerline is reached and the potential that it will bounce from there is really high. If I would want to play this underlying, I would switch to TLT... P!
Fibos matching flat SSBs given by Ichimoku in weekly view. Switching back to daily, the level 0.382 is also a flat SSB. We may expect the price to test these levels again if the current bullish trend continues at this pace.
After a rally, EURUSD is slowly reaching an upper band defined by several flat SSBs given by Ichimoku, they act as a resistance zone. Moreover it is blocked by the upper prong of the fork where the price evolved since September. Depending upon the US elections, we may see a rejection of this area with a price returning to the middle of the last swing we observed...
The drawings on the chart catches the movements of the market very nicely. Yesterday, the close was below the mini- support (white dashed). A classical pullback to it with no continuation north indicates - ES will probably tank more...and the potential is down to the L-MLH. I play this with options - selling Call-Spreads or even naked Calls...always small...
A/R & Forks catching the price action even on the 15' charts. Let's observe together what happens at the lines.
Price is nocking at the A/R set. Let's see how this months closing end... P!
A classical behaving at the centerline, when price comes back to it. We see how price can't go through it for a further advance to the north. But there is a contraction in volatility. ...big bars....to small bars...to big bars - back and forth. P!
Just in case everyone forgot, here is a chart showing the results of the last hard fork. Not counting the rally the day before, ETH/BTC was up 30%. I think we at least go to .022 but now would be our chance to break through the all time retracement of .382. If we were to rise another 30% that would put us at .025
....pulling back to where it broke out. Potential support from previous highs in the way, but may be cleared hard and fast. Hunting for a pullback to bring a boatload short. P!
Since the touch and rebound from the grey centerline, crude is on a ride up. The fork and A/R working wonderful and the target for crude is again the grey centerline. P!
Until we break the L-MLH (yellow) or centerline (grey), this markets path leads north. P!
I still expect a pish up on DXY and, as a consequence, a move down on Gold and Silver. Spotted a possible Gartley pattern which correlates with a bounce down from the Hagopian Line of my bearish fork. Will take a short position on a Hagopian re-test or when price breaks back into a bearish fork. SL: 20.50 TP1: 18.70 TP2: 17.90