Rykin_Capital

Rykin_Capital

Mean reversion strategy in a fade for the most recent rally. Here, we are betting that the rally, now in OBOS, will not cross the most recent high of highs. More specifically, that the price action will not exceed one std deviation of the vWAP value. There are divergences on the indicators below to support trend weakness, and historically nothing stays in OBOS too...

Rykin_Capital

Volumes and volatility are highly suggestive here.

Rykin_Capital

Pretty strong evidence for continuation of upward price action o this one. We are certainly waiting on a RSX momentum divergence to form here, hopefully in the upwards of 1.0 Fibonacci extension of the immediately previous move. Markets are very fluid, and as such percentage probabilities vary with time passing. What looks right today, may not look so tomorrow.

Rykin_Capital

It's not a perfect butterfly, but I am willing to take a shot given the wealth of evidence in the background from our algorithmic indicators. MIDAS cross line plus resistant vWAP and US, which also crossed 4-5 candles ago, plus cross on VZO and heralding cross on Stoch/RSI. BB %PCT is about to flip also. Highly, highly suggestive picture.

Rykin_Capital

Betting on an extended B wave here. The indicators are reflective of the recent upward price action and in agreement wit the idea of more upward momentum and volatility. Usually extended B Waves, when confirmed go to 1.2 Fib extension, never surpassing the 1.618 figure. This classic teaching sure proved to be accurate in our practice. Good luck!

Rykin_Capital

A very nice confluence here as well. The most glaring is the green MIDAS line cross on the background of downgoing vWAP, US lines, which are above the candlesticks. Looking below, the picture adds more confidence in crossing of the midline for both VZO and Ehlers Stoch/RSI indicators. Price action alone is very bearish. Good luck out there.

Rykin_Capital

There is a constellation of indicator crosses that add meaning to go long on this one, at least in the short run. There is a confluent cross of VZO plus offset and Ehler's Stochastic RSI. Also BB %PCT is looking to cross soon. Adding to the above, both the vWAP and US are supporting upward momentum on price, exiting OBOS area on momentum indicator, but most...

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In OBOS territory now, yet VIX never stays in it for long and always reverses after forming a single hump on the momentum indicator. Price action is not suggestive of a turn, yet interestingly Stoch-RSI by Ehlers already produced a bullish signal. Fibonacci ratio clusters are noted.

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Downgoing triple drive/ABCDE completed, with price action highly suggestive of a reversal. MIDAS curve crossed, cross of vWAP and US also present. That huge candle crosses both also. Crosses on Stoch-RSI and VZO indicators as well. Highly suggestive picture of continuation of bullish price action.

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A bearish outlook on this situation from a purely technical standpoint. The amalgamation of factors make for a convincing picture. There is a break of MIDAS line, price action cross of US and vWAP line, cross of US/vWAP lines, negative volatility zone oscillations, negative stochastics, trigger cross of downgoing vzo ribbon. And to top it off, exit out of the OBOS...

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Considering a short on the six hourly chart for Linde. Even though MIDAS line had not been crossed, the market cannot continue in this current fashion. The picture is overbought, flipped on stochastics and volatility with both US and vWAP crossed by price action, which is also suggestive in itself. Different strategies are required in taking advantage of ongoing...

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Upgoing XABC harmonic (or Elliott A Wave of X Wave - not shown). MIDAS crossed, Ehlers Ultimate Smoother upgoing and supporting price action. Volatility also moving up. If we assume channeling, Kennedy's approach gives primary and secondary goals. A prudent point to address is that probabilistic approaches used in market analysis are ever changing. This idea is...

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In view of a downgoing triple drive forming harmonically with extra confidence from Fibonacci confluence or ratio alignments. Momentum certainly gaining. Volatility and stochastic reversal evident. Off the chart Bollinger Band %PCT has flipped to bearish as well.

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Bullish outlook, betting on an upgoing flat. Kennedy channeling gives some Fibonacci, which are confluent with straight Fib projections. The constellation for bullish bias is completed by multiple momentum divergences, break of Midas indicator line, Ehler's US supporting price action and recent crosses on stochRSI and smoothed VZO. Goals in green, rejection of idea in red.

Rykin_Capital

A very suggestive constellation of factors here adding to the supposition of a harmonic triple drive forming. You can look at the candlestick cross of indicator lines, as well as stochastics and volatility data below. There is certainly confirmation of correction over the previous rally. Downward volume is dominating. Overall, this is a highly suggestive picture.

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There is a confirmation of short enter with break of the most recent lows. Fibs are indicative of some of the goals. I've decided to bring this example forward, as it is evident how a pure indicator based approach would be detrimental. In this case, you would thing the position in building stochastically and volatility wise giving a false sense of a likely long....

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It is looking like a start of Wave 3 or C, as per Elliott. We are inclined to believe that the drop will be impulsive, secondary to a short time in the correction post Wave 1 (or A), suggesting Wave 2 completion, rather than B. Technically, stochastics and volatility zones are about to flip, momentum down going. Also, there is a cross of both the Smoother by...

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An Elliott impulse within a larger XABC zigzag (not shown), crossing indicator lines. We are willing to bed this is the start of a downward zigzag correction with view to reverse position in the event of the cross of the recent most high.