Y'all want, and hope IXIC can reach solid Blue along Corridor A ( so it can return to sustainable and recovery along Solid Blue.
B ( is not an option. ;-) avoid violet sickle.
See associated chart for detailed description. the 'Long flag' is a moral position. or maybe the diabolical tech giants should take a hair cut and maybe a guillotine ?
The Jag has a choice. Upper bound of Solid Blue horn or Lower bound of Solid Blue Horn. that is the repercussion of 24 Dec '18.
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Ok. See? How nice it is, to have parabolic support ? . . .
NOPE ! Stocks have peaked and have nothing left to offer. "In Debt We Trust" The Fed scaring the crap out of the markets by 'easing up on interest rate hikes', while they need to be increasing that shit. I wouldn't be surprised if they start to roll them back by summer. Enter another money print of Quantitative Easing. I believe it's now a race to see who will fall first and I believe it will occur before the end of the year. China ? Belgium ? France ? Brazil ? America ? Australia ? Germany and Deutsche Bank ? EUROPE? and what of Brexit ? March 1 debt ceiling decision by both parties is a ridiculous political mess. Buffet: the light that leads Wall Street... reveling to the world what the state of American corporate debt is with the Kraft-Heinz debacle. All the hijacked resources from nearly every nation on earth all gone, and still $22 million in debt. President of the IMF warning banks around the world to embrace DLT as soon as possible or risk "cannibalization" as bank and Central Bank FOMO become apparent. Sanctioned States, Corporations, and Individuals circumventing sanctions with cryptocurrency. Most major nations looking to 'De-Dollar' and move away from the greenback. Countries starting to call their state gold back from New York and London flooding the market with US dollars. Apple showing it's colors now afraid to report on phone sales. Ford has no customers left after a decade of cheap money and 0% borrowing rates mean that nobody needs a new F150 for another 10 years and those stocks will show cracks. Whos' buying American debt at treasury auction time ? I think it's the Fed buying it's own stocks back just like Apple and the rest of them.
astroobserver
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@michro11, All that which you site, is in the Media. I glad you are keeping up. . . Me? I plot the market action. What the parabolas delineate are the potential and the ease of flow of the price action: 'The Jag' The curves are born of the price action by strict rules. In essence the parabolas are not an opinions and they certainly do not reflect the opinions in the media. That stated, Currently the Jag, is on a climb within a parabolic channel created by the parabolas rooted 01 Nov '10 and 30 Nov '18 . Those are not 'chosen or 'arbitrary'. These curves precipitate from the extrema of the rally. These curves ascend until they meet with the green overarching line, outside the field of view. That level is not a level within common seance. The curves extend that way but the jag can not climb that high. Currently the Jag appears to be stagnating around 7500- 7550 . Yet there is another potential line of resistance / support: Solid blue, with a shallower rate of ascent. My intuition tells me that there is support in the market for such a rate of growth. Solid Blue is the parabola that traces the maxima of the recovery rally; it is Well Hung recurrently placed, very small changes affect the quadratic extension of the parabola in great manner. Solid Blue parabola is real in the sense that the thing itself, The price action over time, is expressed with the parabola. Notice that it is not an opinion of bankers or an observation of the action in other, incidental markets. Neither is the solid Blue Parabola an interpretation of the data, nor an estimate. Solid Blue is the synopsis of the potential in the market, past and future. There are other forces greater than the buyers and sellers. The economic climate can change. if so the new lows will reach other curves. if present, those curves will have been seen in the data and expressed by parabolas. if not seen, sometimes retrospective examination may reveal something. Philosophically: the Jag has a holographic integrity that is harmonious with supra temporal reality (or a surreal character) By extending the parabolas from the price action forwards, foreknowledge of potential states of The Jag can become explicit. The Jag wants to occupy one or more point along well hung Parabolas. Practically: curves compete for the ear of The Jag, sometimes The Jag sees a curve but does not obey. Parabolic approach is not a deterministic; the parabolas describe the synchrony of the market place. Cause and Effects are harder to discern and match. The phenomena it self, 'the price', will be what it is, with or with out a logical explanation. Parabolas account for the behavior of the market over time in similar ways that 'trend lines' and 'support / resistance lines' are used in technical analyses. Only similar; Parabolas combine, unite, the dichotomy of 'trend and support' parabolas can be all three at different times of the development of the market and the reception of the price action ( The Jag ) .
michro11
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@astroobserver, Thank you for the time and effort to articulate your view. I'm absolutely not questioning your TA. I think your charts are very well considered and nicely expressed. There are so many facets in trying to predict markets and you're correct. There are those who focus on only technical analysis. Those who focus only on media and economic papers. To pick out only the red jelly beans, while not considering the blue, green, and yellow ones is neglectful. I realize you are only working with price action. A broad overview of as many reasonable considerations as possible is often a more acute indicator of any single prediction. Having said that, this is Trading View and not Fox News, so of course technical analysis is the prominent speculative variable. I know the value of DLT is censorship resistance and decentralization . I know XRP is nowhere near the level of bitcoin, but they are two different tools. Any chance of making one of your fine charts for XRP/USD looking forward 3 months ?
astroobserver
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@michro11, I'm seeing this for the first time. now Tue/ 4:40 EST.