FibnFork

FibnFork

New pitchfork in place for current uptrend. Been breaking some key horizontal resistances (green rectangle) on the latest move, although would want a weekly close above them first (The lows back in Summer 2019 & the Weekly pump close back in October) Bitcoin needs a firmer push into >70 RSI for a real strong short squeeze (similar to back in April-June 2019),...

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Alongside the top slope in the s&p, will this formation in the nasdaq offer up any resistance? Bearish engulfing candlestick on this resistance is certainly a strong bearish signal. (Mint candlestick colour = price >14% above 200DMA)

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After a better than expected earnings report, intel has popped into 2 key levels. Firstly this very long-term pitchfork median line, and secondly this parallel channel on the Daily

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Following the dovish BoC & pump in the USDCAD, it came into a key area. The 50% retrace of the November->January decline. The median line in this long-term pitchfork, which has been incredibly clean Pivot zone around ~1.3125 & 1.3135 Reversal candlestick pattern adds another potential bearish indicator 4hr pitchfork

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After pushing through the 200DMA, oil has collapsed to the 200 Weekly average & 2 key pitchfork slopes. Also at this level is a key pivot level, catching both November bottoms Log scale pitchfork

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With the feds "not QE" QE propelling markets to all time highs are there any levels that will put up resistance? Being >10% above its 200DMA, like it was back in Jan 2018, price is reaching extremes This pitchfork formation (mainly the median line) has been relatively good at offering up support/resistance, so will the top slope follow? Above this level @~3350...

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Oil could be building a base to mount some recovery following big losses post Iran crisis. Support in this area are the slope pitchfork, 200DMA, and pivot zone. Rsi is looking constructive too A break of this 30 min channel will be a bullish indicator

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Bitcoin has finally broken this 5 month pitchfork formation to the upside & straight into another key level of resistance being the 61.8% retrace off the Oct->Dec decline & the 161.8% extension off the Dec->Jan move. The 100DMA being close by at ~$9100. So if bitcoin does stay above this new slope support, it's looking constructive to perhaps re-test those...

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The rally on Friday means the Aussie has closed above it's 200DMA & the long-term median line in this pitchfork after breaking it in December. The immediate level to break is the Yearly open & the flash crash close which also happens to be a key psychological price at ~0.7. 4 hour pitchfork

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Long of these medium term and long-term trend lines. Monthly below

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At least in the short-term nike seems to be forming a top at this median line & top slope in pennant. RSI hold below 70 would be indicative of a top too.

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After collapsing through the trend line back in May, baidu has rallied back to re-test it. Also in this zone is the 50% fib retrace off april->august drop & also the median line in pitchfork

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The kiwi has come to re-test the median line of the long-term pitchfork Alongside that pitchfork is the shorter term one (albeit a bit messy), already bouncing off the median line. Also previous highs on Dec 13 set up as a pivot zone

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Euro dropping into a key support zone with 4 key levels Median short term pitchfork Longer-term lower slope 50% retrace Nov->Dec rally Pivot zone in December Stops below these levels ~1.1, targeting previous highs/year open

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Maybe it's a coincidence, but bitcoin has rallied ~20% since the killing of Soleimani, and as btc is aiming to be a store of value (like gold in blue), rallying in a risk off situation is a good sign. After breaking through the Yearly & 200 day moving averages, bitcoin is now at resistance. This pitchfork formation has dictated price, so will we see a stop to the rally?

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Gold first weekly close above the 2011/2012 lows gives room for the upside and potential 5th wave. Median line of pitchfork remains the key resistance.

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After a year of sitting in a narrow range will the $ finally break out & in which direction? With "not qe" QE reentering the scene, potentially more rate cuts & Trump continuing calls for a weaker dollar, the downside is looking more likely. Looking at targets on the daily: ~95.17 - Confluence of 2 pitchforks, 50% pitchfork on longer-term & lower slope on...

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After longing the bottom of this pitchfork formation, TSLA has put in an impressive 5 wave rally to test the topside of this pitchfork. Alongside this formation, tsla has breached 80 on the RSI again like it did back in November, and is 50% above the 200DMA for the first time since 2017