TradersForecast

TradersForecast Updated 

QQQ reached the bottom of the pitchfork and it bounced back but at this time it reached the middle red line of the pitchfork which is a likely place to fall back.

TradersForecast

USO reached multiple top pitchfork lines and is likely to start falling.

TradersForecast Updated 

GBPUSD reached top of pitchfork and is expected to fall (it already started). This is confirmed by ToW indicators.

TradersForecast Updated 

DOGEUSD reached a pitchfork line and is likely to bounce up. My proprietary ToW indicators also point to a bottom at around 0.172 after which it will go up (at this point it reached below 0.173 but not quite 0.172).

TradersForecast Updated 

BTCUSD reached lower level of pitchfork and started going up (I posted the idea earlier in my channels). However, based on my TOW indicators, it may fall back a little again (possibly close to earlier levels) before continuing up.

TradersForecast

EURGBP hit the bottom of the pitchfork pattern and I expect it to go up.

TradersForecast Updated 

Pitchforks drawn from highest/lowest points point to BTCUSD likely taking the path drawn by the blue arrow (actually it already went up since I drew the arrow a bit earlier today). Yesterday it went below the bottom line of the second pitchfork (I count th em from left to right from their starting point, the beginning of the red line) and when that happens the...

TradersForecast Updated 

BTCUSD is within a wedge. I find it more likely that it will break through on the upside but on the down side it's possible as well. If the former, here's a possible path BTCUSD may take based on pitchfork patterns (towards the intersection of the 2 lines). One strategy may be to wait till a breakout is evident. "Like it" if you like it! Add your comments,...

TradersForecast Updated 

The price will likely go up towards the point where 3 pitchfork lines almost intersect (see the blue arrow). However the latest pitchfork only covers a limited numbers of bars (4 bars from the low point where the pitchfork starts, Sep. 14, and the high point, Sep. 21) and thus it's rather narrow. It is possible that the price action will move outside and thus...

TradersForecast Updated 

The price will likely go up towards the point where 2 pitchfork lines intersect (see the blue arrow--there are two possibilities). "Like it" if you like it! Add your comments, questions or concerns if you have any. DISCLAIMER: Security trading involves substantial risk of loss. My analysis is not trading advice. Do your own research first and/or consult a...

TradersForecast Updated 

The price will likely go up towards the point where 3 pitchfork lines intersect (see the blue arrow). "Like it" if you like it! Add your comments, questions or concerns if you have any. DISCLAIMER: Security trading involves substantial risk of loss. My analysis is not trading advice. Do your own research first and/or consult a financial advisor. I'm not...

TradersForecast Updated 

The price will likely go up towards the point where 3 pitchfork lines almost intersect (see the blue arrow). "Like it" if you like it! Add your comments, questions or concerns if you have any. DISCLAIMER: Security trading involves substantial risk of loss. My analysis is not trading advice. Do your own research first and/or consult a financial advisor. I'm not...

TradersForecast Updated 

AAPL will likely go up towards the point where 3 pitchfork lines almost intersect (see the blue arrow). "Like it" if you like it! Add your comments, questions or concerns if you have any. DISCLAIMER: Security trading involves substantial risk of loss. My analysis is not trading advice. Do your own research first and/or consult a financial advisor. I'm not...

TradersForecast Updated 

TDOC closed below the 2nd pitchfork on 9/16 which is the signal the trend will soon reverse and go up. That happened indeed. At this point TDOC reached the top of the 1st pitchfork which acts as a resistance line (and is also close to the purple resistance line). This means it may bounce back down or break through. Given that that market has reversed and is going...

TradersForecast Updated 

I published another fork pattern idea earlier today (see related idea) on the daily chart pointing out how the fork patterns predicted the lasts 2 major market falls and the starting of the recovery after the previous fall and likely the point where recovery starts for the current fall (which was yesterday). I went to 1H chart to get a feel for where the market is...

TradersForecast Updated 

If you draw the highest resistance trend line since the recovery started (the blue line in the graph) and from the high before the last one (where the red line starts, on April 29) draw a fork to the last high on that resistance trend line (on June 28) and to the latest low after that high (on the green line, on June 29) this fork clearly shows that SPY fell right...