Disclaimer: These dates assume a timestamp of March 7, 2022, which means that this sequence only holds if there is a panic selloff between now and March 20th, 2022. In other words, the number of years back is calculated using tomorrow as a starting point and working backward towards these historic lows. If there is no selloff, then the timestamp used is arbitrary...
This is an interesting daily candle pattern we have here. Typically, shooting stars denote the top of a trend within the upper range of the wick. And that's why this is a silly shooting star. As you can see on the left part of the chart (parabolic curve), there are some examples of shooting stars appearing all along the way. However, these are only sort of silly...
For those that followed the original idea, the look of the path seems correct, but the unexpected super-parabola was not. Even now, this chart looks wrong when zoomed out, due to the excessive price action at vertical levels. This next leg will probably be more than your average mean reversion, which is the only reason why I would ever follow up such a...
I'll start off this post with a simple question: why do market technicians place such importance on "confirming" particular areas in a chart? To answer this, we must first understand what confirmation is and what its purpose is. As simply as I can describe it, a confirmation is a technical process of elimination. That is, one can confirm a directional price...
I'm also thankful for the futures market staying open and allowing for the first bearish continuation to occur on the weekly timeframe in about 20 months. This could get really interesting if this happens on Thanksgiving (when nobody suspects it). Might want to keep an eye on this regardless of which way you lean. -Thankspigging CME_MINI:NQ1! NASDAQ:NDX ...
I look at this stock over its lifetime and cannot, for the life of me, find a single mean reversion. I thought to myself, "hmm, maybe I'm missing something?" I took the log scaling off and immediately thought otherwise. Short and wouldn't wait too long. -De-visivePigShort NASDAQ:AMD CURRENCYCOM:US100 TVC:NDX TVC:IXIC CME_MINI:NQ1!
The concept of numerology is most often not taken seriously for obvious reasons. Most principally, it is because it doesn't make logical sense to the human brain. The human brain (of those rooted in western culture, at least) is more attuned to Newtonian logic, structured systems, or the stamp of approval from some poorly run university journal than it is...
Stacked puts for 10/1 in pretty much any and all types of vehicles that have been bullish this past year. Will see you at the bottom. -BottomPig SP:SPX CURRENCYCOM:US500
The Dow Jones Industrial Average tends to repeat itself in uncanny blocks of price movement. After years of research, I am convinced that all price patterns in the future have already taken place sometime in the past - albeit with different parameters. The key to unlocking the value of fractals is to understand the general shape that links past sequences of price...
The outer blue circle serves as continuous support for this bearish trade. For best use, keep adding small amounts to the net short position on all arc-touches. We all know that BTC likes to spike, so accumulating a larger short position incrementally may make this a much less scary trade. The only down-shot is if it breaks the bottom at an earlier point, such...
For easy bagz, buy DIA puts that expire this week around the money (or out-the-money, just not 20 dollars + OTM if you can help it). Then, you can take a nap or go back to your regular job and forget about it until tomorrow or the next day, or the next day. Not the day after that, though. You will likely have to take a look at it and determine how many bagz...
Several months ago, I posted the original idea (see related) when I thought that markets were preparing for major asset rotation. Instead, it seems that we only got a preview of the real thing. Meaning, that Bitcoin had a major selloff right around the time of the first post, but it wasn't severe enough to drastically shift the major asset classes. Right now, I...
Based on initial angles and entirely too many hours spent, I think Tesla is going to be a great name to swing trade into September (*experience trading Tesla advised). If you consider the first initial wave up into February of 2020 impulsive, then it is Wave 1, not Wave A. Under this assumption, there appears to be a running correction 2-wave, followed by a 3.618...
Pig Specs are listed in the Chart, and below: Entry: Tonight (Before Midnight); ~1810.00 Exit: August 9th; ~1856.00 Should be sweet, but no guarantees. -SwingingSwine OANDA:XAUUSD FOREXCOM:XAUUSD TVC:GOLD CURRENCYCOM:GOLD FX_IDC:XAGUSD TVC:SILVER
All these lines and angles are based on the small circle up top and the horizontal vector that it creates. I picked the Nasdaq futures instead of cash because I was too far into the analysis when I realized it. Not going to make a huge difference since the Nasdaq is truly a harmonic structure through and through. The blue line projects out long-term starting...
For an instant replay, see the related idea about the first bull trap. The Dual BARR top (see other related ideas) speaks to the tendency for BTC to produce a second spike following a breach of strong support/resistance. This second trap setup follows the same logic and works almost like a bearish confirmation in this case, rather than a sign of the new bull...
July 21st is historically the least likely calendar day to close at a higher price than it opened. Published in the Stock Trader's Almanac are the historical probabilities of each calendar day finishing in the green. The majority of calendar days range from 40% - 60%, and are more or less evenly distributed throughout different weeks in any given month. However,...
Summary: -Likely to sell down back to the weekly trendline in the near-mid term -Path follows an ascending diametric triangle, as it is defined by (Neo) Wave Theory -Chose this path because it is the same underlying pattern as that of today's stock market -Fib projections align well with the first massive move up in 2017 -If it does not bounce off of the weekly...