Double top, failed breakout of the high—call it what you will. Fact is, NVIDIA has taken a brutal hit and is now trading back inside the fork. Hagopian—what on earth is a HAGOPIAN? According to the Fork Framework rulebook, if the market fails to reach its next target (the next line, such as the centerline, lower median line parallel, etc.), it reverses and...
How does this look? Yep, I’m stalking a Long, just like in Gold (check out my latest Gold post). With the price sitting at the Center-Line, it might drop a bit further to the Shift-Line. Or, it could start climbing today. For me, this is a "building a position" scenario. Buy… wait… buy more when the price confirms my projection. Or bail out if it...
Every now and then, I like to say that greed eats brains for breakfast. In the case of MSTR, though, it seems to have state approval to do so. How else could MSTR still be kicking? There’s nothing to chart here. Nada. Zip. This is pure pump-and-dump economics born out of the "perfect storm" of circumstances. Fast money? Sure, it's fast—but definitely not...
A close above the white Center-Line projects higher prices to come. There are 2 scenarios I see: 1. pull-back to the white CL, then up. 2. cross above the petrol CL, further and fast continuation to the north. ...oh, there's 3rd scenario: 3. price is getting punched back below the white Center-Line again. If that comes true, price has another chance to go south,...
The L-MLH is a most likely support. This support is breached in Copper, and a fllow through would indicate way lower prices. What I really like in this Chart is the tiny pullback to the L-MLH, since this is totally expected after a breach of it. Arrows mark potential targets.
Price reached the Center-Line and is back to Balance. From here it could jump above the CL or get rejected and turn south. I would stalk a short in the Weekly/Daily time-frame.
That's a ...ummmhh..surprise at least. And it's crazy. I never thought this could happen. But we better shall believe, that ECH - Everything Can Happen! So, is the target reached for 2024? Nobody knows, right? But, I start to further close positions and take my profits in these Index and the correlating Markets. Don't let Greed eat your Brain §8-) As for my...
The **Tulip Mania** of the 1630s was the original bubble—and it was as absurd as it was dramatic. Picture this: a single tulip bulb sold for the price of a luxurious Amsterdam townhouse. Traders flipped tulips like hotcakes, fortunes were made overnight, and the humble flower became a symbol of outrageous wealth and speculation. Then, in February 1637, the fever...
Price bounced many times at the Green Support-Zone. It's the same level where the Huge Pendulums Fork Center-Line is (white-dashed). Next, we have the Yellow Fork. Price traded outside the L-MLH, bounced a couple times at the Support-Zone and eat up time. But now, I think the "Plate" is almost empty. Why? Price arrived at a decision point, a confluence point....
Price is back to balance at the Center-Line. From here we have a 50/50 chance that it will either shoot through it, or turn and trade in the opposite direction. My bias is short because of the overall market situation. (Partial) Target is the GAP-Fill at the L-MLH, which a Stop I can afford and not even think about it when it get hit.
Here's a daily view of MSTR. I expect a classical Trend-Barrier Reversal. Let's see how this plays out. Happy Christmas all §8-)
Now THIS is a heck of a scary pullback! But the sime time, for me it's a gift from the trading God to Enter/Re-Enter with a start position, if not already in. Price got rejected at the 1/4 line, which I find it does often. But this doesn't mean that the party is over. The Pitchfork/Medianlines give us the projection in time. And the white Pitchfork is pointing...
In the S&P 500, we observe a very similar scenario to the Nasdaq (see link to the NQ chart). It’s worth noting that we’ve seen this situation a few times before: the price traded outside the orange fork, moved back into the fork, but then left behind a "Hagopian" and shot back above it. This is irrational market behavior caused by artificial buying pressure...
It hasn’t made any sense for a long time now how the markets keep climbing. Manipulation? Self-perpetuation? Honestly, who cares why. As the saying goes: “The dwarves dug too deep. And what they unearthed was their doom.” Or, in another version: “The greedy vultures flew too high, and all they found was gravity.” In the chart, we see two pitchforks: ...
The markets are beyond stretched—they’re squeezed all the way to the moon. Today, I heard some major news: Big Money has already left the party, and others are following suit. This is HUGE. It’s also that classic moment when the barber starts sharing his “secret” stock tips. Now, if you pair this with my recent Bitcoin post—where I outlined how a tulip-like...
As in my last post "Arguments For Bulls" I do my Analysis for NVDA with eyes of a Bear. We see the red down sloping Pendulum Swing Pitchfork. Because the A-Point is LOWER than the C Point, it's a Pullback Fork that would give us the potential downfall target at the Center-Line, before the Pendulum of price would swing to the upside again. - the "Trend Barrier...
The open was above the Center-Line and everything else lined up nicely. To me this is a fair Long, with a good Stop below the last MoMo Candle. I like to take partial profits, so I have two in this case. The first at the 1/4 line, since price has a tendency to bounce there. The second one is the Upper-Medianline-Parallel (U-MLH). Let the fireworks begin
Just drawing in a relaxed state can uncover new insights. I learn this decades ago, and it is very valuable to me. Maybe it helps you too, when you do your Zen Chart Work §8-)