trendlab2

trendlab2 Updated 

Recently I've been analyzing GBPUSD at the 1D time frame, and I believe we might be in a good spot for a 2-3 week trade moving up - and possibly making a new daily high. But beyond that, I think there might be a curved trend playing out, so I'd like to go over how to analyze such a trend using the world's only counting framework that actually works (sorry, Elliott...

trendlab2 Updated 

This post lays out the evidence for a multi-month short position. The analysis is made using Magenta counting along w/ the SandTiger tool. The trend/sequence that began in September 2022 appears to have ended in October 2023. The move up from there seems to be a 'capping' move which ends at the 1.28280 high. Over the next 2-3 months we should see price breach...

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If any of you got in topside on this move down, this analysis might indicate a good 'take profit' level to come. As you can see here push1 hits at point 14 (total / 2) - see section 2 of the SandTiger label. At point 20 we've counted 3 of the 4 component values (also section 2). We have one more 8-count left to hit 28 (also section 2). We might see some...

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This is an analysis of the 1D Pound/USD chart from the low on Wed. Oct. 4th to the current high. This analysis uses Magenta counting and the SandTiger indicator script to track the counts. I've placed descriptive notes throughout the chart, so these should be very helpful as well... For a short overview of how to use Magenta and SandTiger please see my 4H...

trendlab2

This is an analysis of the 4H Pound/USD chart from the low on Tue. the 2nd to the current high. This analysis uses Magenta counting and the SandTiger indicator script to track the counts. I've placed descriptive notes throughout the chart, so hopefully those will work for you after I submit this... Magenta counts are always based on prime values. The...

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Any of you that happened to be watching this pair on Friday likely noticed the 160 pip moonshot that took place around 9:30. My analysis attempts to show why that happened and why it's likely that GBPUSD will continue to rise on market open... I'll be using SandTiger, a public counting tool you can get right here on TradingView , along with a counting...

trendlab2 Updated 

The AUDUSD sequence we'll be looking at starts on the 7th at 12pm at the 30M time frame. To preface the analysis, I should mention that I'm using a counting framework called 'Magenta', as well as an 'event locator' to provide an objective foundation for our count, and a tool that automates the counting and tracks the processes we'll be analyzing... The current...

trendlab2 Updated 

We are tracking two counting processes in this analysis: Prime & Cycle. The first is easiest to understand. We simply select a window that starts at the absolute top/bottom of the trend, and ends after the first fractured pullback ("FCT") completes. As you can see from the green label at the high, we can derive three numbers from this count. In this case they...

10:50

trendlab2 Updated 

This is an analysis of a current AUDUSD trend at the 2H time frame using a (non-Elliott) count-based framework. The framework is explained along with the reasons for expecting point 36 to be a probable turning point for the downtrend. A new automated counting tool is used and the objective basis for the count is described... For this analysis to be trade-able,...

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Ok, I've revised my analysis on this. I'll quickly go over this change... For Magenta counting rules please see my other posts... Basically I changed my analysis of the type, to a 4/6 (red tags, point C and the DMC in FCT 2). The cycle ends at point F so the antitype starts counting from there. This (the antitype) now lines up with the 12 count from our prime...

trendlab2

Ok everyone, let's try this again. I believe this sequence (from the Jan. 14 high in the 4H time frame) is near its end. First and quickly, allow me to explain the labelling... Green tags are location labels, not counts (as in Elliott wave counting). The other tags represent different processes playing out. Each process has it's own unique count. The red and...

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An exercise in forecasting is always like venturing out onto a thin limb, but this 2H sequence is so fascinating, I thought I'd go ahead and put this out there. I know my analysis looks confusing. Let me attempt a brief (hopefully not confusing) explanation... The various callout tags represent different processes playing out. Each process has it's own unique...

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An educational example showing how trends are made up of various types of movement and how 'prime processes' can be used to locate endpoints and time trend endings. This example proves that market structures use repeating values (that have been set early on) to time their own endings and turning points.

trendlab2

As of the end of June, practically the last day of the month on the dot, BTC daily movement ended a price structure that began right around March 15. Here in the chart you can see the upward arrow in early June (compared to all the down arrows preceding it) - this is the initial (perhaps only) FCT of the new struct. At present I can't tell if the 8895 low is the...

trendlab2 Updated 

Watching the counts from the struct beginning at the middle March low, and judging from price behavior around the Dyad lines, we could be close to seeing this daily structure top. Will likely see a new high above 10494.8 but may then turn down for a good shorting op... Please see the orange box for definitions on all my cryptic comments! Enjoy!

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I must admit that the action in EURUSD during early March gave me some whiplash. I had pegged the last structure as ending Feb 20 so the action really broke limit boundaries on the last two structs, but I haven't analyzed back to Feb of 2018 so it's possible this whole downtrend since then is connected. My analysis comes in at Nov 12, 2018. What I'm saying is...

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Folks, here are the true lines at the 1D level for Bitcoin. Always use median lines (pitchfork) and draw the crossbar on a fractured counter-trend movement. Standard trendlines are nearly useless, often drawn incorrectly, and easily subject to bias. The real internal lines of force that markets themselves use are median lines.

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("FCT" = Fractured Counter Trend) Here I used a pitchfork based on the first fractured CT from the December 2018 structural low. It seems to fit the action quite well, so, IF Bitcoin drops below its current dip (the low of the larger FCT - high blue arrow), look for the turn around at or near this rising level (as indicated). Likely a hit of the top of the...