Princessgirl

Princessgirl Updated 

I originally thought this may be a triple top or triple bottom but there may be an inverse head and shoulder pattern forming. We will not know for sure until the next shoulder possibly forms which would be around the end of April, 2025. A typical inverse head and shoulders pattern is a trend reversal pattern that signals a potential reversal in a downtrend.The...

Princessgirl Updated 

I thought I would update this chart as the triangle has adjusted slightly since my last 2 posts. This makes the tip of the triangle farther out as well as a different projected time of the SPY exiting out of the triangle. The tip of the triangle is now around Mar 18th and there are many events until that time that could push the market out of the triangle such...

Princessgirl Updated 

My previous chart may still be valid, but I will build on it with a new chart. We are seeing a triangle formation with the tip forming on Feb. 12. We should see the market breakout, either up or down before the tip. (I typically switch to the hourly charts when drawing my triangle formations to get a more precise drawing. But oftentimes, that will make the lines...

Princessgirl Updated 

The market will go up for the next 3 more days. I am using the Heikin Ashi candlesticks. Why Heikin Ashi candlesticks? 1) They show more of a directional movement within candlesticks. 2) They tend to filter out the market noise so you can see the market direction better. 3) It reduces false signals, allowing you to stay in the trade longer. 4) And, it gives you a...

Princessgirl Updated 

The market will go up for the next 10 days. I am using the Heikin Ashi candlesticks as they: 1) show more of a directional movement within candlesticks, 2) they tend to filter out the market noise so you can see the market direction better, 3) it reduces false signals, allowing you to stay in the trade longer, and 4) gives you a smoother appearance making it...

Princessgirl Updated 

I use the Heikin Ashi candlestick as they show more of a directional move within the candlesticks. Today the market went up, although you cannot see that on the Heikin Ashi Candlesticks (just on the regular candlesticks.) Typically, I would not enter until I see 2 green candlesticks on the Heikin Ashi candlesticks. But you can see on the 1-3 hour charts that...

Princessgirl Updated 

The SPY will continue going up until Trump's inauguration on Jan 20th. I think there is a high probability it will hit 633 the day after Trump's inauguration on Jan 21st. (I have the arrow pointing to the fib number of 1.618 but I really think it will go higher than that) I typically use Heikin Ashi Candlesticks as they show more of a directional move as opposed...

Princessgirl Updated 

The SPY will start going up and continue into the New Year for about 14 days which has been the average upward movement in the past few months. I typically use Heikin Ashi Candlesticks as they show more of a directional move as opposed to regular candles. However, since I have used regular candles in the past, I tend to switch back and forth until I get more...

Princessgirl Updated 

In my last chart I didn't account for the market trading sideways before heading downward so I have decided to do another chart. There is a FED meeting this week. I suspect on the day of the announcement on Wednesday, Dec 18, the SPY will be more volatile like it has been on the last few announcements from the FED. Then on Thursday and Friday following the...

Princessgirl Updated 

This is going to be quick.... busy right now. You can look at my other charts to see the explanation of why I use the Heikin Ashi candlesticks. The SPY is going to drop until Christmas. You can see the indicators on the daily chart shifting towards a downward move. I believe you will see a zig zag move with this drop. This week the market will drop. Starting...

Princessgirl Updated 

I am using the Heikin Ashi candlesticks as they show more of a directional movement thru the charts. Typically, you should wait until there are 2 green Heikin Ashi green candlesticks before entering. The typical uptrend of the DIA has been about 10-12 days. The typical move of the DIA has been about a 25 pt move per month which is about 454. The target of the...

Princessgirl Updated 

I am using the Heikin Ashi Candlesticks as I find you can see a definite directional pattern with them on the chart itself. Typically, you should wait until you see two green candles, but if you look at some of the indicators on the 6 hour chart, you can see that it is indicating a bullish move. The 7 hour and daily indicators should follow soon. (I will post...

Princessgirl Updated 

Even though the DAILY indicators have not changed, the 30 minute, the 1 hour and even the 2 hour indicators are shifting to indicate an upward movement. The rest of the hourly and daily indicators will soon follow. (I will post these 30 minute and the 1 hour indicators soon) I am using the Heikin Ashi candlestick as I find you see more of a definite trend on the...

Princessgirl Updated 

Like the title suggests, the DIA will go up after the election, regardless of who wins. I do NOT trade based on events, I trade on what I see in the charts. I just started to use the Heikin Ashi candlesticks on my charts as I find they can show a definite trend direction just with the candlesticks themselves. Typically, you are supposed to wait until there are 2...

Princessgirl Updated 

I suspect the DIA will start to go up in October. The 4 hour, 5 hour and 6 hour indicators have already indicated a move up. So the 7 hour and daily indicators will follow shortly. If you look at the 7 hour Directional Movement Indicator, you can see that the +DI is just turning and it is looking like a move up. I just started to use the Heikin-Ashi...

Princessgirl Updated 

In July, the market adjusted slightly to prepare for the upcoming election on Nov. 5th, 2024. The SPY was usually topping out around the 22nd of the month, and started to go back up around the beginning of each month. But in July the downward movement lasted a little longer. (I circled the area where it started to adjust) and it started to go back up around...

Princessgirl

I just started using Heishi Ashi as my chart type or chart style and I really like it. It adds another aspect to help cut out the market noise and helps to show you the trend direction of the market a little better. I am just starting to learn more about Heishi Ashi. I suspect the market will start to go up in the next few days as some of the indicators I use...

Princessgirl

The weekly indicators indicate the market will drop soon. I suspect the drop will occur within 1 month. There is a triangle forming which indicated an upward or downward movement. Due to the weekly indicators showing a downward movement, I suspect the market will head lower but I will not rule out an upward move. This move will only be a brief move, before...