Just another different analysis on the current situation with price action. I am in great hopes that we see price action falling through these slide areas, as this is what is suppose to happen in reference to the old price action on the left side. Basically only time will tell us how it happens, so now we must all wait.
Price action in a Fib Retracement. Price seems to be stuck in the .382 channel without the price touching at .382 Fib line yet. I am looking for price to make lower lows and a clear testing at FIB lines of: .382 or .500 or .618 When these lower price tests occur I will be looking for clear price bar signals and bullish patterns. Patterns like, divergence,...
Reference chart till its void thru normal PA. By August 2023 this chart should have enough forecasting candle bars.
For one reason we need to wait it out 1 to 3 weeks. This can work, but highly unlikely. A Daily H&S is pretty uncommon. I give it a 10% chance or 30% of a heavy downturn. What's notable is that formations do happen and price reacts to fundamental patterns, it's physiological and simply this. What's important is that the trader is looking for all kinds of patterns...
I don't think this 1-hour Div signal is going to play out very well. Waiting for the 4 hour power Diversion is a great signal, and a Weekly would be ideal (but weekly's are rare). Here is an area plotted with a yellow circle/oval that for now I'll call "Price's area of confusion". I also have "wanna be" price uptrend "Green dotted lines" placed for the trend...
So another trade to offer, and we're in the Neutral Zone. This is a hard zone to trade in, and bears heavier risk profiles. If price is to go up, soon is the time to enter the trade. I've outlined the risk areas as well as a suggested stop loss. Once price momentum goes bullish, this one should score well. However, Heavier Bearish Pressures remain steadfast, and...
Just curious to see how this Fib Time Line Works out...
well unfortunately I missed it too, (the first 2 %), Price hadn't moved yet when I plotted the 2% upswing, but as I plotted the possible 5% swing, price action had moved into the 2%. okay, my time line (distance to action) is usually not correct, either too early or too late, but I see some potential quick trades in here, (small profit taking). Good Luck
I have some older trend and formation notes on this chart as those did prove accurate. However, my readings of indicators suggest that we are in for a Flat neutral movement. I see no reason that any major uptrend will start anytime soon. If an uptrend does start, bet that it will be a slow progression and it will seem like one, however remember the LARGE neutral...
Just for fun, I have some outlined bearish pennants. Lets see what happens, and I'll update with screen shots if more pennants appear. These are good to look for when there's a downtrend started. How many will accumulate, I don't know, but have an idea not to many more. They are usually few and a diversion will eventually override it for an upswing, however not...
I have a lot on the chart, lets decipher through this. Some of the information shown on the chart, for example, is from some previous Published Ideas like H & S and Double Top, which is not discussed at this time. First a Double Trend continuation. We have both a long term uptrend and a much shorter down trend. Both trends show no diversions. Both trends showing...
What's this have to do with trading. Well, If you wanted to long, probably not a good entry point. If your Holding a Short good signal to keep the slide ride onboard. It is a signal that a continued downtrend is more likely. I'd have to suggest that most likely the next lower low will carry the diversion signal. Which doesn't mean the downtrend ends, it means that...
Price develops a V pattern. It gives us strong indication for a steady price up trend. Along with this we should note/ and be aware, where trouble lies ahead. I've charted the neutral area and fall out zone. Price can develop a sideways action in a horizontal neutral zone not shown but visually with Dashed horizontal lines on the chart. Keeping an eye on your...
Wondering ... an area where price has no resistance for the fall-out. Look to the left another pattern to look for, this also works when price is going up.
Yeah it's the 15 min trivial... see what happens. Identifying patterns is good training to always be watching, regardless of the time frame. I start with easy ones, I will post others in the future, keep an eye out for where your indicators are and the pattern, as the pattern will react different to different levels in your indicators.
So strong the Bulls are, and never discount this with BTC. This chart showing the Daily diversion that has developed. Shown is my theory on its retracement. Nonetheless BTC will make newer highs in the future.
Huh, I had this diagonal black line drawn on my chart two week ago, currently price has been using it as a ceiling. Lines and boundaries do eventually fail. Does price bust through and upwards soon ? or will price take that nose dive down first ? I haven't a clue this time we're all in the middle of the pandemic COVID-19. My best guess is lower prices eventually...
From this point in time... 20% chance price goes upwards - 80% chance the downward trend hits new lows. There are more peeps betting longs usually than shorts. I have included the synopsis on the indicators. There's the 20% chance price this weekend decides to go no further down and a new temporary bull trend starts There's an 80% chance price develops new lower...