In my previous post, I said that we have a short at hand in the SP500/ES. 1. ES Trigger Candle Bearish That was before P0 2. ES has reached the TOP for now That was at P3 In both postings price was not able to reach at least the Warning line (dashed white). Now we have the 0 to 5 count confirming what happens when price trades below a Medianline, in this case...
NQ is a crawler §8-) The Fork catches very nice the most probable path of price. Be it at the Center-line or the Warning-line. And as a cherry on top, we have a nice short opportunity. Don't forget to check out my website and YT channel too. Happy weekend all.
In previous posts I already showed how DX is moving towards the CL. It failed two time, then they cleaned out the Stop/Losses and now DX is on it's way to the Center-line. Now that we have good confirmation, it would be a no brainer to load the boat even more on a pullback at the CIB line. (yellow).
So, here we have the USD Index at the Centerline at a balanced level. What if the US$ starts go north? I would say, markets, which are btw. also totally overbought, are tanking. This scenario is on point with the CPI today. Obvious or a fluke? As always, anything can happen, even a new spike in the Indexes.
I read about Freedom Holding Corp in the recent Hindenburg Research paper. It sounded quite alarming, but I was considering ignoring the report for an hour and focusing on my chart analysis. Here's my analysis: First of all, this stock appears to resemble one of those Pump & Dump scams. However, let's take a closer look at the chart facts: THE...
It's very nice to see how price reacted at the CL, then came back to the U-MLH. And again price got rejected at the U-MLH. The A/R line is broken and now price has a good chance to travel to the Center Line again. btw: This trader has the same idea, just using another technique: Great one, I really like this.
This is my 100% believe, that the S&P500 has reached at least a temporary high. From here we will go down, at least to the dashed WL (Warning Line). We had the Open & Close below the Lower Medianline Parallel. But price couldn't reach the WL. So, that means we had a HAGOPIAN cooking. A HAGOPIAN means, that price will go further in the opposite direction than...
Here's not much on the chart. But what you see is evident. The pitchforks median line is respected by price many times. And this time it's the same. But there's a reason why this time price could flush down to the L-MLH. Indexes are weaker and weaker. The first profit target for me is either the L-MLH, or the A/R (yellow) line. The Action/Reaction line is...
To me this is indeed a gift from the trading gods. Price retests the U-MLH a third time. So, if you missed the entry (see my website & YT channel), then this is another chance to bake some Bread, instead of Donuts. My stop would be a couple points above the pivot high. Watch my videos and posts about this trade to understand it!
I'm absolutely NO fundamental analyst. I literally have no good clue how to read the fundamentals like the Pro's are doing. And I don't plan to learn it in the near future. BUT... ...I trust my common sense. The Blue Box explains my common sense thinking and why I see OCTA as a potential buy for the long term. What I know for sure are my TA skills. And what I...
COIN is running hot. The ride so far is phenomenal, but also way too quick for my liking. This can be seen on the RSI, which is super hot right now. A nice Long-Confirmation is the fact that Volume on the weekly chart did increase nicely. The red resistance got peeked twice now. It's exactly where price broke down last time and traders where puking their...
The orange Fork is a "Pullback Fork". I wanted to know how far price will pull back. The orange Center line gives a clue. And so price came down to the CL. But not only to the CL, it even pierced it, and washed out the stops, after creating little Base (green). This behavior left a huge HAGOPIAN that forecasted a move to the upside, beyond the point from where...
NQ had a phenomenal run-up since yesterday. It was hard to find any sign of weakness. In the 15 min. TF I found the correct Fork to apply that gives me any usable information about price. 1. The Shiff-Fork projects price to the upside, but also expose the fact that price fell out of the projection below the L-MLH. 2. Price stopped at the HVN. Or better, the...
As we see, price is sitting right at the CL. But what does this even mean, if price is at the Center line? It is, that price has found it's balance. Anything can happen from here. Chances for Long or Short are 50% in general. Any other hints from the Chart? Yes! Price jumped above the CL. Then it bounced back two times. In between jump 1 and 2, price got hit...
The Orange down sloping Fork did it's job very good so far. Even the (yellow) sliding parallels gave us good information how wide the shift is. And we even got some confirmation from the divergence Now VTRS is nagging at the U-MLH. Also nice to see how this stock is stair stepping towards the Center line (orange lines). Is it too late to jump in? In my trading...
In the weekly Chart I expected BTCUSD to climb. The reason was that the most probable path of price was to the upside. But in the Daily TF, the L-MLH (White) is broken. And the Red down-Forks Centerline is also cracked. According to the rules of the Medianlines/Pitchfork it's a sign that price will trade down to the L-MLH. Any potential buy zones? Yes! If...
The Medianline/Pitchfork Tool provides a high probability (~80%) to reach the Centerline from any parallel line. That means, if you can figure out how to buy as low as possible, or short as high as possible, your trade works out ~80% of time. Why would one not use this edge? Ask me questions, I'l answer.
A follower asked to chart JD.com And since it's Sunday and I'm sipping my fresh brewed coffee from my "La Pavoni" Espresso Machine, I have time to help out a buddy in the Trading Space. Here we go: The Monthly (Daily will follow below) Chart is nice and orderly. It has a good Base. And we also see where the last bunch of buyers where from 2019 to 2020. JD had...