daytradelewis

daytradelewis

I'm interested to see what happens if/when price gets down to the blue triangle area where multiple lines of potential support over lap. These lines include a potential reaction line (you can see price respecting the angle of these black action/reaction lines, both top and bottom), a black resistance turned support line (highlighted by red and blue circles), a...

daytradelewis

Between pivots 1-4 we have lower highs and lower lows. Price at 4 has come back up to retest an area of resistance of proven sellers who pushed the market down from number 2. I have drawn a down sloping blue median line which price is respecting nicely (highlighted by blue arrows) and a black pendulum pitchfork not drawn from the lowest low at 1, but from another...

daytradelewis

FX:NZDJPY Potential long setup on NZDJPY next week. Price has fallen to an area of support and produced a candle with a very large lower wick showing some buying pressure after a bearish few days. We have a few things converging to this area including the black reaction line projected forward. I've drawn an upsloping blue pitchfork from the hypothetical C pivot...

daytradelewis

OANDA:GBPNZD We have a Demand Zone around 1.93469, although we have an area where three pitchfork lines intersect above this area. The lower median line of the red Schiff Pitchfork, the median line of the black Andrew's Pitchfork and the median line of the blue Andrew's Pitchfork (identified on a lower timeframe) all cross around 1.94025 at 2am 29th October...