A quick look at the look at the price action history of Bluzelle suggests that the impressive run up since midsummer has come to end ... but I've been wrong before, so I welcome your tough questions. After all, this venue exists to arouse the reverse-engineers and to provoke the thinkers to do what we do best, right?
As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception.
Although my trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION.
In this case, it is the last of those, TREND EXHAUSTION, that most indicates to me that a limit has been reached and price will fall. Furthermore, that limit has been reached BEFORE the obvious (highlighted) profit target.
There are many techniques on display here, but the most important of these is the use of Euler's number as a ratio in the Andrews Pitchfork to time measure inflection points.
This technique will appear again in my ideas and forthcoming videos. Now that I have enough followers to enable streaming, I will consider taking topic requests while I develop a programming schedule and make my first recordings.
this is a very interesting chart i do look forward to more of your ideas and your comments on mine are welcomed i appreciated the interaction and co nideration
Im so programmed w ThinkorSwim platform- I can’t manage the change/indicators and charts here are .. Im not doing well mastering charts yet- but def. Vwap was my primary-in futures-everything- if I can’t adjust I reckon Ill have to leave coin and go back to futures- that took 20 years (working w platform)to know what I was doing - too old I think to start over - preesh
Kbox1
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maybe revisit 9 and change there’s nothing between here n there .
Kbox1
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scratch that Im misreading volume- nice short
TheLeadingIndicator
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@Kbox1, Yeah, Volume confirms the move. The best, most dynamic tool to measure it is the AVWAP. The way price is/was interacting with the 3rd Standard Deviation of the VWAP anchored at the C-point (swing low) was the biggest clue (Purple line). Another was the diagonal exhaustion channel, but VWAPs are practically a Money Printer. Cheers.