Today we're going to use Zone Analysis on the 15 Minute Chart. As you can see, we've had two candles enter the Pink Zone. History tells us we'll need to have at least one candle blast through the Brown Zone for a triple digit finish. On the other hand, if we see the SMI Ergodic Indicator tighten up, the Brown Zone will be almost impossible to penetrate leaving...
An unusual chart pattern to say the least. The rust is indicating we need to reach around 717 on the FIB. If we see that happen, our brass will begin to shine leaving us with a nice finish. On the other hand, if the Coppock Curve continues to show weakness against the 20 day, we may end up with an unplayable trombone. In the unlikely event that the Parabolic...
We can clearly see that a bowl has formed with Teriyaki Chicken over the 20 day support. Ideally, we're looking to form a Fork on the Chande Momentum Oscillator 2 hour chart. On the other hand, if the RSI doesn't complete a descending Sauce Wedge in the next 6 hours, we may end up with a Chopped Stick formation. The volume chart is also beginning to show some...
Not a healthy formation, we can only hope the MACD continues to form a wedge against the volume pattern. Yellow on the chart (lemon) indicates there will be a 3rd point of entry (or exit) and support/resistance in the coming days. I'd like to see an 80's style Pirates baseball cap form on the dinos head so we can confirm resistance (and stop him from crying...
This is a new formation with a long history. Our indicators show resistance along with major support at the top of the slide. The 50 EMA and the Bollinger Bands are a major factor in this scenario. Bollinger Bands measure EMA's and the width of any given descending object (triangle, slide, etc.). We're looking for a widening slide and an EMA over 60, the hash...
Another classic chart pattern. Right now we're suspended nicely. If we see the bird beak in the right tree continue to form against resistance and support, there's a pretty good chance that we'll go up, or down. If the hammock holds and we see a fish reversal, we'll most likely continue sideways.
Classic double humpack dino formation... If his hat falls off, we go up. If his hat tips forward we go down. If front leg straightens out, we go sideways until the hat tips backwards, at which point we may go up or down.
This formation along with the crooked front leg means we need to break through higher. If we don't we'll probably go lower. If the front leg straightens out, we'll go sideways.
