A small simple project with some ideas for potential future scenarios. Icons are simulated potential price predictions. Rectangles can become zones of influence for the price action. Pivot points can occur around the time stamps. (Previous pivot points marked on the past price action).
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A decent rebound at the white level but I am not convinced this is a shorting opportunity. Perhaps somewhere at the white man time stamp or where the orange rectangles begin pointing downwards.
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Pivot point at the time stamp, but not quite as expected. Further continuation of the down move after a small correction right on the green line. White Man Icon still in sight for a potential price prediction but I can only see it being hit if another pivot point happens maybe somewhere below the blue rectangle.
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The pivot point under the second cyan rectangle, mentioned in the previous comment, is confirmed.
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A hit on the White Man Icon which was a potential price prediction.
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Candlestick shadow at the orange rectangle AND the red marked price line. Not convinced this is a pivot point though. I have my eyes on all the 4 icons on the upper right which are potential price predictions just like the white man that was hit.
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The price meets the second orange rectangle (predicted potential zone of influence) and it bounces again from it with a nice candlestick shadow. Approaching the white flag time stamp. This matrix is running out of shapes, but if the matrix is successful it will see at least another pivot point at any of the shapes or time stamps.
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This candlesticks formation near the white flag time stamp could turn out to be a pivot point similar to the one highlighted with the cyan double arrow, but the bearish sentiment has been dominant so far and the price could meet resistance while trying to push up near the remaining rectangles.
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Sitting under the pyramid time zone the question is if this is a correction or a potential accumulation period for a potential turnaround in sentiment. The elements in this Matrix are running out. Few possible events left on the table.
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Nice comeback from the bulls. Will the bears test their strength at the yellow zone?
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Candlestick shadow and a potential pattern for reversal at the yellow rectangle, but it doesn't look like a strong signal for a big pivot point yet.
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More resistance met at the yellow rectangle with a candlestick shadow and signal that can prove to be relevant. We might not see a bold move towards 127, but a correction could still occur. These long candlestick shadows have usually signaled local or long term pivot points in the past 2 months.
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Second rebound from the yellow rectangle resistance zone.
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Not quite a pivot point at the time stamp, but close. Interesting potential bullish engulfing for the end of the project. Will probably create another attempt similar to this one for the coming month.
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The bullish engulfing pattern from the previous comment did the job.
I browsed many of your ideas but I can't understand your method of trading or your drawings can you explain the meaning of your drawings?
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@ibrahimgabr1289, I am basically looking for pivot points, where the market turns and reverses direction. Most of the times I am looking for potential pivot points near the shapes in the drawing. Some ideas have other drawings that can give clues for potential scenarios in the context. I usually refrain from giving trading advice as I believe it is better for the trader to decide for himself. I look at things and events on my drawings in terms of probabilities and potentials. If you see patterns, phenomenons, occurrences in my ideas that are unusual and can have a smaller probability of happening (let's say you draw a random line but it becomes support and/or resistance) at your own risk you can use that information, consider it as being an edge, or mathematical advantage, and use it to the best of your resources and preferred trading style. Some people like breakouts, trend following, or swing trading. Everyone can be different, but the math in the drawings, if it has a mathematical advantage, it can be used in many ways and many kinds of strategies. My preferred approach, as I have already mentioned, is trying to pick pivot points, a bull candle after a bear move/wave, or the other way around. Every wave has a beginning and an end. Each of them is a pivot point.
can you explain the meaning of your drawings?