After the hard fall down, price is now coming back to balance. The yellow Centerline will be tested. From here a natural turn is highly possible. Additionally there is also a Pivot-Support that helps the CL holding up price. P!
After price left the first HAGOPIAN, it reached the Centerline (CL.). After this first CL. touch, the reverse lasted not long, only to leave another HGPN to the downside. Now price approaches the Centerline again and we can now observe a potential reversal, or if it blows through, a trade to the upside. The blue dashed A/R's give us an idea, how price is...
Video Nr. 2 I continue the analysis from Video Nr. 1 and show you, why the market is so extremely stretched, and why you need to be super cautious these days. If you like to learn more about the Pitchforks and how they produce great trades, then here's how you can get your free course: 1. Klick the link at the bottom to get to our website. 2. Register for the...
Do you know what a ForPtions Trade is? It's a combination of two high probability methods - Pitchforks & Options. All we needed was our simple rules, a Options strategy and we where good to go. Nothing special, at least in the world of a ForkTrader. BUT a trader who is using standard technical analysis had little or no chance to see what developed on the chart...
Sometimes we have just too much bars on the chart. But even then, it's possible to get what's going on if you give yourself some context. Most important are the real swings. Pitchforks of course project the most probable path of price, show extremes and even the balance at the centerline. So what's up here? Well, price is at the Centerline of the white Fork,...
YM1! is on the hunt for shorts, as the other Indexes too. I'm curious if price makes it up to the confluence point. The sine-wave's center is broken, now back to new highs? I have posted a couple times about this pattern. It looks like it plays out perfectly again but...this would indicate new highs... Observation mode on... P!
WOW - In this market I see a ton of information we can use to our advantage. 1. The (green) mesured move 2. HAGOPIAN (yellow & white Fork) 3. Confluence on white & yellow Centerline This tells a great story... Want to know more how we profit on this information? Just choose a subscription on my site as many others did in the last day since the opening of the...
Nice bounces at the Centerline. Until price is able to close above it, the target is the L-MLH. P!
USOIL bears are entering around 0.618 retracement level and potentially could take this down to 0.382. That would be 2x1 Gann line and demand is expected to step in around this level. In order to secure some ticks to reverse long at 0.382 (around 6700-6750), a .5R short setup from here seems reasonable. Buy stops are around 1R levels.
BTCUSD has been going through an extended pullback pattern. The minor trend remains down and the time for breakout or pullback failure is drawing near. The supply line currently sits around the level $6700, failure to breakout around this area will potentially mean that BTCUSD is going much lower to find demand. The spring daily candle around previous lows is an...
Opposing forces and confluence. ...just fantastic trading with Forks! Don't forget to take my free course on my website. P!
USOIL is seemingly done painting a pullback pattern. It reached 0.618 retracement level of previous bear leg, as well the 0.236 fib extension is pointing to the same level. If this market continues with the recent downtrend, these two levels should attract supply and a break to previous lows can potentially occur. The inside fork's MLH on bear impulse move pivots...
CLQ18 is approaching resistance zone and can potentially head back to 6550 at least. This lower TF setup is based on Gann fan 1x1 line potentially attracting supply as well an inside fork centerline being tested currently. Stop buys should be above 6650 and 2R target around 6550.
Turns out a lot more. We managed to catch this early and bought in originally at $5 and have profited greatly from this trade. We've taken profit multiple times re-entering when the price begins to retrace. Even during our 2nd trade, we managed to enter at $22 then close at $38 before it dumped! On the hourly, we've seen a bullish flag form and it just broke...
this could be something like with callisto was, maybe little lower, but now is probably good entry to grab some profit in short time
Drew a little fork on a log scale chart to map out likely prices for ETH to 31 December 2018. Assuming the current trajectory holds, this is what I came up with. Let's see how the rest of the year goes.
I believe the bottom is in. 7.6k is possible to retest, but I believe BTC will be starting it's parabolic logarithmic run by may. (BTC) Core is a fork of Bitcoin Cash (BCH) technically speaking and according to the white paper. A "peer to peer based electronic currency" Not a middle man system like the Lightning network, with an inherent security risk, and...
Bollinger bands have been very narrow for a week on the daily chart. All, very bullish signs for this pair.