From a very well known Short-Seller in the markets I read a concerning letter this morning: "Carvana Trades At An 845% Higher Sales Multiple Than Online Car Peers Like CarMax and AutoNation, And A 754% Premium On A Forward Earnings Basis." ...ummmhh... §8-() The Chart does look very scary too. This exponential move can't sustain very long. As we see, the first...
After hitting Profit Target 1 (PTG1), it’s time to make a decision about the remaining position. The fact is, MSTR tested the 1/4 level for the second time and found solid support there. Now we’ve moved higher, back to the centerline. For me, it’s clear: if we get an Open and Close — a full bar — above the CL, I’ll close the rest of my short position. I still...
Now that's a heck of a stretch. Price has reached the U-MLH of the white Pitchfork and is nearing the yellow Center-Line. What's it mean? White U-MLH = Upper Extreme Yellow CL = Price got back to balance, in the context of the yellow path/traction. All this means, that the Air get's very, very thin! Waiting for a short Signal with a target back to the white CL...
Yes, price reached the white Center-Line, which means: Price is at balance. And yes, price is at the red U-MLH, which means: price is stretched. Two good indications that a potential breather is lurking in the throat. But I'd better wait for more evidence. More momentum to the south. Not stalking yet, but observing on the lower time frame too.
No, I don’t like Adobe. But it doesn’t matter at all which company I like or don’t like. My only goal is to make money in the markets. Let’s take a look at what we have on the chart: Adobe has reached the centerline. The market is in balance and has reached Pivot 3. According to Andrew's Framework, P5 is considered a reversal point, whereas P3 is expected to...
This Stock reacts very nice at the Forks lines. From extreme to balance, back and forth. This time it's ripe again to short it after the break of the TB. PTG1@1/4 Line PTG2@Center-Line Nothing more to babble about it.
In 2021 we saw the Russel creating this Dump Pattern: 1. Sideways 2. Break the high 3. Dump Watch how it looks now. To me it's very, very similar. Any other confirming signals? Yes! Price reached the white Center-Line and started to go south. Here's my game plan: If the weekly TB is broken on a close, and an Open is below the TB afterwards, I'm looking for a...
Well, since my last post about MSTR, the trolls have been having a field day. What a blast! §8-) I stand by my previous post about MSTR because, honestly, I see no future in this SCAM. Especially now that Bitcoin is teetering on the edge of a deep pullback (see my last post about Bitcoin for more). So, what do we have here? MSTR broke through the...
After the HAGOPIAN, I expect price to go for the GAP fill, which is at the L-MLH. Maybe a partial fill is the right way to take profits. Because if price open & close outside the L-MLH, we can expect further downside.
After the long consolidation time, CL finally broke the Trend-Barrier (TB) and is now on the move to the upside. It's not stupid to aim for the 1/4 line as PTG1. But for sure I would only close a portion of the position, since the upside potential is far higher. And if you don't know how much to bank, just go with 50% of your investment. If it's going higher,...
So far PEP reacted very well at the U-MLH. Now price is trading below the Center-Line and is approaching the L-MLH. Down there, price is heavily stretched. A good place to start looking for a long entry on the daily time-frame.
Price is in a clear up-trend with wide pullbacks. Since July price was holding at the TB and L-MLH. The weekly momentum looks good to me. Although, a little concern could be the rejection at the 1/4 line. But this happened also in the past, and then, after a new attack, price took off. So, this definitely needs patience to play out. I maybe start with a little...
The upward momentum changed when price closed and opened below the white L-MLH. The rules say, that when price is leaving the Fork, open and close outside, we can expect a test/retest at the L-MLH. This is exactly what happened. Shorts got squeezed by a GAPer of the Market Makers move. And I admit, I could imagine a further rise for a third test at the...
First of all, a heartfelt thank you for all the boosts and a warm welcome to the new followers. I truly hope I’m providing value that makes your decisions and trading ideas easier to navigate. Now, let’s dive into the chart: The bars are growing larger and volatility is picking up. We’ve got solid support at the centerline, but this support might soon...
NQ is being pushed down, and a rebound doesn’t seem possible at the moment. There are some fundamental factors supporting this weakness. However, as a chart analyst, I focus on the signals within the chart itself. What I see is a possible target around 18,400, which aligns with the L-MLH. With the weakness of the MAG7, the Nasdaq is unlikely to make further...
See how the Handle (Centerline) got touched several times? The huge downtrend from July to Jan. 25 brought a buy opportunity, which I totally missed. Now what? FOMO! hehe..yeah, kind of. Here are the long plays I think of: 1. wait for a pullback and buy it near the breakout 2. sell options (..are there good options?) 3. if good options are available, play...
Gold is reacting exceptionally well to the Fork. It has not opened and closed below the L-MLH within a single bar, which eliminates any immediate downside expectations. Instead, we observe a condensed, slanted trading range or coil, indicating that price is being gradually pressed to the upside. In my previous post about Gold, I anticipated a rocket-like...
Let's not make trading harder than it is. All we can do is project - or read the Coffee ground. I'll prefer to use my projections with the Medianlines, using the Fork as my main tool. The nice part with this is, that I can relay on a proven framework with rules. Adding some risk & money management to it and the soup is ready to enjoy. So, I follow the same...